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


To: Lazlo Pierce who wrote (3289)2/19/1998 11:51:00 PM
From: Ploni  Respond to of 18691
 
Subject: GNET

Forget valuation, P/E, PSR, P/book, etc. Here's a post from AOL (bold text is my "responses":

Here's an internet stock in the initial stages of taking off. Lots of reasons to buy. Check them out:

1.) Website rated #20 by www.hot100.com
[Never heard of them. What's THEIR ticker symbol?]

2.) Similar business to YHOO, LCOS and XCIT, but the market cap is a fraction!
[He forgot to mention SEEK.]

3.) Breaking out to new highs. [It's going up because it's going up.]

4.) Very, very small float. 4,500,000 million shares outstanding. Float may be less than half of that.[Sure; the insiders are holding the rest.]

5.) Agressive young company, CEO is 24 and owns 38% of the stock.

[Just what the world needs more of: young kids who are extremely wealthy.]

6.) Check out their website www.go2net.com It has games, virtual mall and a stock section. [Been there; done that.]

7.) They got an excellent chess club going.
[Chess?]

8.) If GNET gets to be just 1/10th of YHOO market cap, it will be a 4 bagger from here.
[Only a 4-bagger?]

9.) Check out the accelerating volume!
10.) Not yet noticed by the investment community at large. i.e. Ground floor opportunity. [If the volume is accelerating, doesn't that mean someone has noticed it? I guess he meant to say it's going up on no news.]



To: Lazlo Pierce who wrote (3289)2/20/1998 7:45:00 AM
From: Kip518  Read Replies (3) | Respond to of 18691
 
GNET doesn't appear on FRB's list of marginable stocks. Probably not shortable.

bog.frb.fed.us