To: P. Quirin who wrote (233 ) 1/23/2000 6:10:00 PM From: bogatiy Read Replies (2) | Respond to of 447
speaking of fear, I'd say you are showing ... much more than I. You see, I have nothing much to worry about. Even if everything works out technology wise, this stock will go nowhere, maybe a 10% jump, maybe a little more. Even if everything happens just like the hype claims, the stock is nearly fully valued. But in any case, regardless of the positive news, the price won't rise so fast that it will blow past my stop loss. You however, have very much to worry about. Seeing how SCII still hasn't formalized the deal, seeing how Partner still hasn't even started testing this unproven technology, nor has it formalized the deal with ITES, seeing how Howard Landa, current SCII CEO answers the phone, "Sharkey's Pool Hall." Oh, shall I mention how ITES, which currently owns full rights to the technology already changed the terms of the deal once to the disbenefit of SCII shareholders. Shall I mention how SCII agreed to only acquire the wireless division of ITES instead of 100% of ITES. What if the non-wireless division of ITES decides to retain rights to the technology and only licenses use to SCII through Net2Wireless? A lot of ifs my scared friend! You can only answer with hype, but you call it 'potential.' Too bad no one can see a demo of that potential. Too bad there is still no product, no customers, no nothing for SCII. I'd say the big risk is on your side. And that great deal with Partner, well according to Partner's senior officers from the conference call this last Thursday they still haven't even formalized the agreement with ITES. So what if they can't agree? You see, if any one thing goes even slightly wrong, this stock could drop immediately to less than $1. How would it happen, well maybe there would be a slow drop if the news came out slowly and you would get your stop loss. But reference SNRS' when it didn't get FDA advisory approval last year, maybe trading would be halted opening at less than $1. So you, my scared friend, have plenty to be worried about. Just like Howard Landa called SCII, "A good bet!" I agree, its a very good bet, but much better odds on the short side! For me, its just another one of many, I've built a solid case for shorting and stick with it. All you can do is call names ... so show us some more of who you are ... scared is all I see. Of course if you REALLY BELIEVED in the story you would ignore my posts. But the fact is, you are SCARED to death of losing the money you bought your 120 shares with ...