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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Roger A. Babb who wrote (815)	1/16/1998 12:18:00 PM
From: Mike da bear	Read Replies (1) \| Respond to of 18691

Anyone have a view on SPLN as a short? Another internet stock w/o any profits. They do a sports news Web site, being hyped by CBS for the Olympics. Might be a good short candidate as it gets closer to the Olympics... mdb

To: Roger A. Babb who wrote (815)	1/16/1998 12:37:00 PM
From: Sul	Read Replies (1) \| Respond to of 18691

ESMC - Roger it going up again. Any idea why this fall & rise ? or is it just MM playing games, Suleman

To: Roger A. Babb who wrote (815)	1/16/1998 6:48:00 PM
From: space cadet	Read Replies (2) \| Respond to of 18691

Roger, I'm in on esmc also. Free money doesn't come along like this very often. This is the kind of short I want to try to stick to if I can. It doesn't matter if the market goes up 5000 points tomorrow this stock is guaranteed to collapse come March 1 when the newly issued shares become available. I think it is some institution that is doing the smart thing and getting out today, before the avalanche of selling starts. Remember a lot of people got this stock between 1 and 2 so they want to preserve their profits. When the rest of the shareholders see what happened today they will panic and thus I expect a large sell off first thing next week. This stock really reminds me of a bb stock and I think the mm probably plays it like one as well, so I think we will continue to see lots of ups and downs on its way back down. One thing I didn't understand from looking at the 8k was that while there is no floor on price on the offering it says that dilution is limited to 20% of the shares, plus another 5% for the brokers. This does seem to put a floor on the dilution, but I don't understand how esmc can guarantee that no more than 20% dilution will take place. What will they do if the price continues to fall-buy back the offering from the off shore "investors"? It is unclear how this limitation will be enforced. If this is the usual floorless offering then $2 is a safe bet in my opinion. Obviously the companion is in pretty desparate shape if it had to resort to such a scheme for ripping off its shareholders. Definitely will be interesting to see the reaction next week, and then starting March 1 when the floodgates are finally opened. One thing I really regret is my tiny short position. I got in at 8.5 and could/should have shorted more when it hit 10.5 shortly afterward. I didn't and so not much money will be earned. Next time I won't make that mistake as this is as close to a sure thing as the stock market ever provides.