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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Wes Stevens who wrote (25107)	12/30/1999 9:15:00 PM
From: Softechie	Read Replies (1) \| Respond to of 56535

Wes..now now...I'm still way long on AVNR. Lately I'm getting this ugly feelings that too many naive investors are out there and these whitecollar criminals taking them for a spin and dump them for good. First, take a look at Corel. Losing money left and right and ran to $40's. Then tanked to $13's. Now it's $14's and probably going down from there. When I shorted it in $40's people were telling me I'm crazy. Well I've proved my point which is Corel is a money losing company and for one I don't trust its management. Second, XING. Ran on hype with QCOM and they don't have the contracts yet. Those bastards Painwebber again put a target at $1000. I'm sure the same ones put a price of $120 on JWEB (that's next). Lucky I covered quickly at $20 this morning. Now Anthony is saying that NASDAQ is looking into fraud from daytrading firm painting the tape. This is a classic fraud to me. Third, JWEB. Ran on hype of "free" internet access. I looked at their last 10Q. I'm sure they couldn't muster enough subscribers to meet the street EPS at -0.55 (which was lowered from -0.53) so they had to change the game plan and giving out free access with free email. Can you really make enough money from ads to offset the loss subscriber revenue? I doubt this totally. Otherwise Yahoo would have done it long ago. Yahoo has the most ads. Oh another thing, top 3 guys were in sexual harassment lawsuits. Two were filed couple months ago and they're still pending in court. What a bunch of criminals. Enough with this one. Fourth, ELCO. This one I've bought and sold many times when it was traded from $3's to $7's. It's a good little company despite management. It has good earnings from its application software. It eats CMRC revenue for lunch. This one I wouldn't mind going long from $10's. I played this one purely on technicals. Management again talking about spinning the ELCOM.COM unit off. They've talked about this already in 1st quarter and didn't do anything with it. It will be death to ELCOM because most of its revenue is from the application software. I think $40's is high for them and that's why I shorted there. That's what I've got to say on my shorts so you can see why I'm doing it.