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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (3277)	11/15/2000 12:32:42 PM
From: Paul Kern	Respond to of 19633

Tom, I'm avoiding going long in anything I-net -- B2C, B2B, B2PB&J -- all of them. My only positions in I-nutters are the B2B GETY with Dec. puts and a small short position in ZIXI plus some Dec. puts. I expect to see GETY in the mid-20s again. They had a tiny increase in revenue and because, I'm in the industry, I know that talent and employees are running out the door. Without the talent, they will have no new product to sell. One of their big competitors with the same business model,privately held Index Stock, is closing offices, asking employes to take a salary cut, and may be running out of cash. Industry rumors say that Corbis will lose $50 million this year, also with the same business model but Bill Gates will hardly miss the money and he will spend heavy and undercut GETY's prices to drive them out of business. Sound familiar? As to USIX, they were near closing the doors when they received this big infusion of capital but with the money comes gigantic dilution. When the day traders and momos move on, it will tank. When I saw the Pru upgrade late yesterday, I didn't want to hold this turd overnight so I took my profit but there was little reaction and I re-shorted at the same price as I covered yesterday. Paul