SI
SI
discoversearch

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 : Stock Swap -- Ignore unavailable to you. Want to Upgrade?

To: Andrew Vance who wrote (11037)1/30/1998 9:45:00 PM
From: Jeffrey S. Mitchell  Read Replies (1) | Respond to of 17305
 
MEGW is one of those "holding companies". I believe that means they sketch out a rough idea to make money, take in millions in stock, sort of kind of buy into other companies (i.e. exchange stock) to boost their diversified image and raise all sorts of expectations about "what if just one of their investments takes off", and then implodes into a dark hole while the principles retire very wealthy to Boca Raton.

Speaking of USAG... didn't this turn out to be a holding company consisting of a couple of guys working out of a girlfriend's apartment in NYC?

- Jeff



To: Andrew Vance who wrote (11037)1/30/1998 9:50:00 PM
From: Trader X  Read Replies (1) | Respond to of 17305
 
Just one small thing pokes holes in that idea...

1- can't short a BB stock.

2 - I don't think you can short a $1.38 short even if it's on the Big Board. somebody correct me if I'm wrong here.

So I'm suspicious of the guy who started the MEGW thread and said there's a huge short position on it. How can there be on a $0.38 BB penny stock?


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News