Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : TheStreet.com, Inc. (TSCM) -- Ignore unavailable to you. Want to Upgrade?

To: John Lacelle who wrote (1253)	8/20/2001 1:08:57 PM
From: John Graybill	Read Replies (1) \| Respond to of 1822

Can't argue with that. As we approach the end of the 3rd quarter and then the end of the year, tax-loss selling will increase. Maybe it drops below a buck in early October. I think 30 trading days below a dollar prompts a de-listing notice, which would be mid-November. Then they have 30 more trading days to fix it (typically via reverse split) or they will be delisted from NASDAQ. As we saw with Webvan, even if the reverse split is approved, the company might just say the heck with it. That's mid-December, the end of the year, when people decide what to do with new money. Probably won't be a lot of people or VC's deciding that the best place for their investment dollars is thestreet.com, so the subscriptions would have to pick up. But I'm planning to use my fun money for a few stock certificates instead of betting anyway. TSCM is a relatively well-known internet venture, and a frame containing a certificate and a nicely printed copy of Cramer's screed (which could be interpreted "post facto" by the cynical as a suicide note for his hedge fund) would be a real collector's item.