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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (54326)	4/7/2000 1:00:00 AM
From: rupers	Read Replies (1) \| Respond to of 122087

ETYS .. Any Life Rafts? fyi ... article on ETYS insider trading .. rats jumping ship. Toys For Sale By Craig Columbus President, insiderSCORES.com Our focus this week is ETOYS (ETYS). During the month of February, four insiders sold 370,000 shares. The transactions were made at prices ranging from $14.06 a share to $18.44 a share. Director Matthew Glickman made the largest sale of 200,000 shares. He was followed by CIO John Hnanicek who sold 70,000 shares and Senior VP Operations, Louis Zambello and Director Peter Hart who sold 50,000 shares each. The sales are noteworthy because the sales were made after a significant drop in the stock. ETOYS went public on May 5, 1999 at $70, when three of those four insiders were actually buyers at $76.56 a share. Furthermore, if you go back to November, IDEALAB, the incubator that took the company public, sold 3.8 million shares. The stock price has continued to drop, selling on April 3 at $8.93. ? Eric Lopkin

To: Anthony@Pacific who wrote (54326)	4/7/2000 1:03:00 AM
From: dacoola	Respond to of 122087

Tony...nothing personal....but despite your casting of Cell Pathways as a turd...they will probably receive approval of Aptosyn in the next few weeks. Featured on the Today show and after approval on Dateline. If you are as big an analyst on bio's as I know you are, I would like your opinion...still a turd or not. Rumor is that all major drug chains have already placed orders.

To: Anthony@Pacific who wrote (54326)	4/7/2000 1:05:00 AM
From: rupers	Read Replies (1) \| Respond to of 122087

Some other "short" thoughts You know this guy? Aram Fuchs, CEO, FertileMind.net Interviewed by Lauren Keyson I met with Aram Fuchs, the king of SELL recommendations, at the Bull Run Restaurant. While he dined on a filet mignon, and I ate a so-so marinated tuna, he explained how his analysts had no biases, and that their only goal is to produce good research. "We know what works on the Internet and what doesn't ? we also understand from a business point of view that these equities are incredibly overvalued." [LAUREN KEYSON] So how do you feel about equity analysts? [ARAM FUCHS] In one sense, we think they're as bad as chop shops; they just wear pinstripes. This didn't used to be the case, but now it really is. They've lost their integrity because they only put out BUYS, and their BUYS are on their own investment banking clients. People are really sick of that and have lost money because of it. That's why we're only going to put out Strong Buys or Sells. Those are the only two rankings we'll have. [LK] What do you think are stocks right now that people should sell? [AF] AMAZON.COM (AMZN). We say it's a strong, strong SELL. [LK] So you're bold enough to say it's a strong SELL. [AF] We're the only ones out there saying it. Everyone has a feeling in their gut that they know it's a SELL, but they haven't heard anyone say it. [LK] Why? [AF] The model is broken. They used to have no inventory and no warehouses, so they could be the most efficient retailer. But not only do they have the burden of developing warehouses around the country ? and eventually around the world ? they also have incredible marketing costs because they don't have a store. For instance, when you're in the suburbs, WAL-MART (WMT) just puts up a sign and has a store. People drive by and say, "Oh yeah, I've got to go to WAL-MART and pick up ten things." AMAZON doesn't have that, so they've had to develop the AOL agreements and the TV-based advertising, and incur the advertising costs. It's incredibly expensive. But they haven't been able to compensate for that with large gross margins because it's so easy to comparison shop on the Web. For a dollar, I'd go to BARNES & NOBLE.COM (BNBN) rather than AMAZON. In the real world, KMART (KM) is on the other side of town, or it's closed. In the cyberworld, everyone's always open and they're right next door. [LK] What is the next strong SELL you've got? [AF] The next strong sell would be the new TRAVELOCITY (TVLY), the merged Preview Travel and TRAVELOCITY. We think travel is another commodity business. The average airfare is somewhere around $300 and the commission is going down to $10. Again, if you look at the marketing costs that they're forced to spend on AMERICA ONLINE (AOL) and EXCITE (ATHM), there is no way they'll make money on an operating basis. So we think that's a SELL. The next one would be EARTHWEB (EWBX). While it could be a very good niche product, their marketing costs are implying that they think every Jim and Jane in America will be using their services. The revenue and page-view growth are not showing that that will happen. So we think they're just wasting their cash. [LK] You're not afraid of repercussions from SELL recommendations? [AF] We have nothing to lose. We sense an opportunity here for objective research and people are responding to it. We can build our reputation. If you're bold and right, it doesn't take much to build a fantastic research house. [LK] How are you finding out about the revenue and page growth? [AF] It's all publicly available data. As you can imagine, management is not to keen to talk to us, because they know of our reputation. [LK] No one in management will talk to you? [AF] We don't need that access. People try to throw that as a wart on our reputation but it's not really true. The publicly available data is really helpful. The truth is out there. It's in the data. [LK] They won't even talk to you to try to convince you, though? [AF] I think that will be the next step in our growth. When companies start coming to us, trying to convince us. [LK] So the first one is AMAZON, the second one is TRAVELOCITY, then EARTHWEB. Do you have any others? [AF] We think PRICELINE (PCLN) is a sell. We just think the movement into groceries is being subsidized by the company. We don't think it's financially viable. Margins on groceries are incredibly small to begin with, so there's no way they can make money just by lowering that price. They're going to have to lower it below cost and try to make it up with market research money and things like that. We don't think they can do it. We don't think they'll get enough people that will spend an extra 25 minutes on the WEB to get a better price on milk. We don't think they'll get enough mass in order to make money. [LK] Who else does groceries? Don't they have the same problem? [AF] Well PEAPOD (PPOD) is the perfect example. PRICELINE is different from PEAPOD because PRICELINE isn't delivering groceries. You go to WALDBAUMS or whoever. [LK] You mean PEAPOD delivers? [AF] Yes, PEAPOD delivers. PEAPOD would go to a supermarket, pick the stuff themselves, then deliver it to you. WEBVAN (WBVN) has its own warehouse where they pick it from the warehouse. That makes the difference. But PEAPOD is going bankrupt. [LK] Why? {AF] Because they've run out of cash. They don't have much cash left, and they're burning through it, because the model is very expensive to run. Doing the individual shopping, only charging a slight premium, and delivering it to homes? It was too expensive, and not enough people wanted it at the same time. It was a funny dynamic where the demand wasn't there and supply wasn't there either. It was very difficult. [LK] You've given us some SELLS; now give us a BUYS. [AF] HOOVERS (HOOV) is our Strong BUY. We think it's a great research, niche product which is perfect for the web because they were able to use the ubiquitous distribution of the Internet to get a much broader customer base than if it was in their old print or CD-ROM product. The stock is selling at a little over two times cash. Revenues are growing nicely and they're not spending outrageous amounts on marketing. ? Transcibed by Eric Lopkin, Edited by Paul DeMartino

To: Anthony@Pacific who wrote (54326)	4/7/2000 2:06:00 AM
From: Taki	Read Replies (1) \| Respond to of 122087

A nice story for all to read. The Rose, author unknown The first day of school our professor introduced himself and challenged us to get to know someone we didn't already know. I stood up to look around when a gentle hand touched my shoulder. I turned around to find a wrinkled, little old lady beaming up at me with a smile that lit up her entire being. She said, "Hi, Handsome. My name is Rose. I'm eighty seven years old. May I give you a hug?" I laughed and enthusiastically responded, "Of course you may!" and she gave me a giant squeeze. "Why are you in college at such a young, innocent age?" I asked. She jokingly replied, "I'm here to meet a rich husband, get married, have a couple of children, and then retire and travel!" "No seriously," I asked. I was curious what may have motivated her to be taking on this college challenge at her age." "I always dreamed of having a college education and now I'm getting one!" she told me. After class we walked to the student union building and shared a chocolate milkshake. We became instant friends. Every day for the next three months we would leave class together and talk nonstop. I was always mesmerized listening to this "time machine" as she shared her wisdom and experiences with me. Over the course of the year, Rose became a campus icon and easily made friends wherever she went. She loved to dress up and she reveled in the attention bestowed upon her from the other students. She was living it up. At the end of the semester we invited Rose to speak at our football banquet, and I'll never forget what she taught us. She was introduced and stepped up to the podium. As she began to deliver her prepared speech, she dropped her three by five notecards on the floor. Frustrated and a little embarrassed, she leaned into the microphone and simply said, "I'm sorry I'm so jittery. I gave up beer for Lent, and this whiskey is killing me! I'll never get my speech back in order in month of Sundays so let me just tell you what I know." As we laughed, she cleared her throat and began: "We do not stop playing because we are old; we grow old because we stop playing. There are really only four secrets that I know of to staying young, being happy, and achieving whatever you regard as "success" in your life. . ." "You have to laugh and find humor every day." "You've got to have a dream, too. When you lose your dreams, you die. We have so many people walking around who are dead and don't even know it!" "There is a huge difference between growing older and growing up. If you are nineteen years old and lie in bed for one full year and don't do one productive thing, you will turn twenty years old. If I am eighty seven years old and stay in bed for a year and never do anything I will turn eighty eight. Anybody can grow older, you see. That doesn't take any talent or ability. The idea is to grow up by always finding the opportunity in change." "Have no regrets. The elderly usually don't have regrets for what we did, but rather for the things we did not do. The only people who fear death are those with regrets." She concluded her speech by courageously singing the song, "The Rose." She challenged each of us to study the lyrics to this song and live them out in our daily lives. At the year's end Rose finished the college degree she had begun all those years ago. One week after graduation Rose died peacefully in her sleep. Over two thousand college students attended her funeral in tribute to the wonderful woman who taught by example that it's never too late to be all you can possibly be!

To: Anthony@Pacific who wrote (54326)	4/7/2000 10:41:00 AM
From: Pete Mason	Respond to of 122087

Oxymorons, you forgot ECNC investor XYBR earnings -- Pete

To: Anthony@Pacific who wrote (54326)	4/7/2000 2:04:00 PM
From: Land Shark	Respond to of 122087

XOMA? Any opinions? Would you buy at this level?

To: Anthony@Pacific who wrote (54326)	4/7/2000 9:22:00 PM
From: allen menglin chen	Respond to of 122087

Tony, Tony, Tony. Read this fun new thread Subject 31639 Your old foes are gathering there bashing and whining. Message 11965330 Hope u have fun this weekend.

To: Anthony@Pacific who wrote (54326)	4/7/2000 9:40:00 PM
From: allen menglin chen	Respond to of 122087

Sorry. The was an old thread, somehow rise from death and become a hot topics today. Forget about my last msg.

To: Anthony@Pacific who wrote (54326)	4/8/2000 7:35:00 PM
From: sunshadow	Read Replies (2) \| Respond to of 122087

Lame city! This thread is dead and the other site is down again. The winds outside are howling at 40 mph and I have just finished my second box of Krispy Kremes. Woe is me!