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

To: greenspirit who wrote (4478)	3/8/1998 8:50:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 18691

Michael, I'm also a believer of the internet, but I've a hard time believing the valuation of many internet companies. Take for example, Sportsline USA (SPLN). The market cap is $418 M for a company that generated $10 M in revenues in 1997 but incurred $26.5 M in net losses. The company is expected to lose $2/share this year, that alone will wipe out 75% of its cash. It's expected to be in the red in 99 as well, I think we'll see a secondary offering this year, perhaps within a month. Inspite of nightly promotion on CBS during the Olympics, the final tally showed that visits to SPLN's web site (CBS Sportsline) was ranked third, behind ESPN's espn.sportszone.com and Nagano's official web site. And yet, the stock has almost tripled this year. IMHO, it's a good short, if not tomorrow, then very soon. Regards, Tom

To: greenspirit who wrote (4478)	3/8/1998 10:21:00 PM
From: Gokhan Gezmisoglu	Read Replies (1) \| Respond to of 18691

> Roger, just happened upon this thread. Have only shorted a few > times in the past, but I just shorted AOL late Friday. I'm as > big a believer in the internet as anyone, but AOL is a lousy > product with a ridiculously high PE. > Regards, Michael AOL has been a lousy product with a ridiculously high PE (or neg. PE) for a long time now. What made you pull the trigger finally? I hope it was not the bearishness in this thread because bearishnes has been here for a long time too. Good luck! Gokhan * I have no positions in AOL and have no intentions of doing so before something "big" happens.