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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (417)	3/15/1998 2:11:00 PM
From: Bill Harmond	Read Replies (3) \| Respond to of 4634

>>ATHM is already very far behind plan in number of subscribers Where did you get this, Bill? I read (Morgan Stanley) that they're somewhat ahead of plan. ...and where did you opine that an AT&T deal will never happen? You are certainly entitled to your opinion (as with an AT&T deal), but you have a tendency toward arbitrary, misleading, irresponsible blanket statements that are presented as fact. People have real money on the line here. Their need for clear reasoning is more important than someone's ego gratification. BTW, there's one sure-fire rule around SI that is worth noting. Never start a opinionated thread on SI with your name in the title. You're a sitting duck because your ego inevitably gets in the way. You'll be dead meat before you know what hit you.

To: Bill Wexler who wrote (417)	3/15/1998 3:41:00 PM
From: F. Lynn	Read Replies (1) \| Respond to of 4634

<<What it comes down to is that the market cap is unsustainable over a long period of time. ATHM is already very far behind plan in number of subscribers, and the infrastructure will take quite a while to put in place. >> Of course, but I think a strong argument can be made on the basis of your comment NOT to short. ATHM is behind on their plans, yet the stock still goes UP--so it is clearly not trading on fundamentals. One day it no doubt will, but who knows how soon? I could see ATHM staying at current levels for five years or more, since any long term solution to the bandwidth issue wont be deployed any quicker. All these stocks are 'idiot' stocks---bought by those who do not or can not understand simple business fundamentals, and therefore do not value stocks on the basis of fundamentals. My only point is that with fradulent companies you have a built-in catalyst that will blow the stock up--but with companies like ATHM, you are merely making a bet that the idiots will go away of their own accord. I prefer situations where the idiots get chased off by the SEC or FDA.