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Technology Stocks : SANCHEZ (SCAI) -- Ignore unavailable to you. Want to Upgrade?

To: opalapril who wrote (119)	8/11/2000 4:09:19 PM
From: llwk7051@aol.com	Respond to of 139

opalapril, The current market appears to be weak for this type of offering. When they first announced the concept, people couldn't wait. Now? Robert

To: opalapril who wrote (119)	8/11/2000 4:26:26 PM
From: tuck	Respond to of 139

Opalapril, I poked through the financial aspects of E-Profile's S-1 for a while. I don't see anything alarming. But there might be clues to pricing. Private placements of warrants and employee options don't amount to much overhang (contrast with OPTO), but they all have average exercise prices ~$15. Might be interesting to compare this to similar deals. If one could get a fix on the IPO price range before it was announced, one could calculate the effect on SCAI's price when it was. So far, the Street doesn't seem to think much of it. EPRO will have a venture fund seeded with $1 million to start (wheels within wheels . . . ). Lockup is a standard 180 days, on target for insiders to sell into a spring rally. Haven't looked closely at the operational & strategic portions of the filing. I assume we know the gist, anyway, so I went straight for financial skeletons in the closet. Don't see any. Cheers, Tuck

To: opalapril who wrote (119)	9/19/2000 12:36:50 PM
From: tuck	Read Replies (1) \| Respond to of 139

opalapril, This is creepy. Granted the whole sector isn't doing well, but sheesh. I still don't see any amendments to the EPRO S-1. I can only guess that some stockholders, or maybe a particular large one, is selling to buy the IPO. The short interest, already large, has risen ~8% since the announcement of the IPO. biz.yahoo.com I see that the quarterly estimate has been revised downward recently, so maybe that also explains some of this. But it was only a penny, or ~8%, and SCAI handily beat the downward revisions last time out. But SCAI hasn't warned, though there may still be time. biz.yahoo.com I've been writing calls to good effect on this one, but am now naked long (no double entendre intended). Hoping I did the right thing by buying my calls back. If my guess about IPO players setting up or hedging is correct, than perhaps the IPO will do better than expected, and take SCAI along for the ride so I can hedge again. Sure hope so. But I wonder if it has distracted management. And if it has taken resources away from the buyback program. Hope SCAI is buying now, is all I have left to say. Cheers, Tuck

To: opalapril who wrote (119)	12/18/2000 1:04:38 PM
From: tuck	Respond to of 139

opalapril, Well, we've gotten our wish: siliconinvestor.com IPO yanked. Hedged on the way down, now unhedged. I don't expect a quick recovery. I will swing trade my covered calls, as I've been doing for the last several months. Sanchez tends to surprise and not be rewarded for it. So I will stop writing if it looks cheap before earnings, buy a couple of puts if it runs before the report, and see what happens. Cheers, Tuck