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Technology Stocks : WEBB - up 800 percent in 1 year -- Ignore unavailable to you. Want to Upgrade?


To: Smoky Lake who wrote (38)1/7/2000 8:02:00 AM
From: CMon  Respond to of 49
 
Two quick points:

1) If you're broker is telling you that news is "about to come out", then that news has been well circulated and a "buy the rumor, sell the news" pattern is likely.

2) Ask your broker a bit about the balance sheet and valuation here. Perhaps he's avoiding that ugly topic, or perhaps he doesn't read filings.



To: Smoky Lake who wrote (38)1/7/2000 2:48:00 PM
From: Bob Trocchi  Respond to of 49
 
Smokey Lake...

>>Any one have any ideas on where this may stablise.<<

I shorted WEEB at 12, covered at 9. Lucky I guess. I still believe it will "stabilize" at somewhere between 5 and 10.

I will admit that I have stopped following it except to read the few posts here so things their prospects may have changed for the better. However I do not believe they have "fixed" their cash problem and I would not be surprised to hear that the big 'announcement" is a round of very dilutive financing.

Buy the rumor, sell the news and the next post prior posts suggests. Good advice I believe.

Bob T.