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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Pluvia who wrote (2870)11/12/1999 1:16:00 AM
From: Phil(bullrider)  Respond to of 3015
 
I will be initiating another percentage of my short position tomorrow.

Have fun,
Phil



To: Pluvia who wrote (2870)11/12/1999 7:30:00 AM
From: valueminded  Read Replies (2) | Respond to of 3015
 
Pluvia/others:

This seems to be one of the most overvalued stocks I have seen. No growth, business model that leaves something to be desired, recent downgradings by s&p (ie more debt financing will be more difficult to come by) and looming debt payments with no apparent means to generate the cash to pay it off. Yet it keeps levitating. I am at a loss to explain. Perhaps you might enlighted me.

Could it have something to do with the short interest postion. I tried to establish a short and was told shares were unavailable for borrow.

thanks



To: Pluvia who wrote (2870)11/12/1999 12:46:00 PM
From: MW  Read Replies (1) | Respond to of 3015
 
eat my lunch? I already scored big on the first go around with this stock and I'm looking right at a double in a month in round 2. This game was over a long time ago, now its just for laughs.


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