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Strategies & Market Trends : Shorting stocks: High fliers -- Ignore unavailable to you. Want to Upgrade?

To: Anaxagoras who wrote (458)	3/23/1998 7:16:00 PM
From: Brad Davies	Read Replies (2) \| Respond to of 709

Puck, If misery loves company, you will be happy to know that you were not alone. I had a similar experience with both Amazon and Yahoo. Like you, I know better. I promised I would not let it happen to me again, after Presstek a couple of years ago. Trouble is...I'm human. The hardest thing to do is take a loss when you know you are right. You have to try to establish your maximum upset price before you take your position...and stick to it. I think you know that trading rule as well as I do. I will be waiting for YHOO and AMZN to turn though, and I am confident they will. Hopefully we only lost the battle, not the war. Regards, Ron

To: Anaxagoras who wrote (458)	3/24/1998 6:15:00 PM
From: Dante Sinferno	Read Replies (4) \| Respond to of 709

Re : S-3 filing club... Did you guys snag the SB-2/A filing by GTAX on 1-30-98 ? Warrant redemption just around the corner.... -------------------------------------------------------------------- snip --------------- Title of each Proposed Proposed class of offering aggregate Amount of securities to Amount to be price per offering registra- be registered registered share(1) price(1) tion fee -------------------------------------------------------------------------------- Common Stock 507,926 $4.67 (x) $2,372,014 $ 817.94 (2) shares -------------------------------------------------------------------------------- Common Stock 65,000 $7.94 $ 516,000 $ 177.97 (3) shares -------------------------------------------------------------------------------- Common Stock 101,566 $7.94 $ 806,434 $ 278.08 (4) shares -------------------------------------------------------------------------------- Warrants (5) 50,783 $3.13(y) $ 158,951 $ 54.81 Warrants -------------------------------------------------------------------------------- Common 50,783 $7.94 $ 404,217 $ 139.04 Stock (6) shares -------------------------------------------------------------------------------- Common Stock 16,072 $7.94 $ 127,612 $ 44.00 (7) shares ================================================================================ TOTAL PAID: $1,511.84 (1) Estimated using the market price of the Company's Common Stock or Warrants (except as noted in footnote (x) below) solely for the purpose of determining the registration fee. (2) Issuable upon exercise of all of the outstanding Redeemable Public Warrants. (3) Issuable upon exercise of stock options outstanding. (4) Issuable upon exercise of the Underwriter's Warrants outstanding. (5) Issuable upon exercise of the Underwriter's Warrants outstanding. (6) Issuable upon exercise of the Redeemable Public Warrants that are issuable upon exercise of the Underwriter's Warrants, assuming all of the Underwriter's Warrants and the Redeemable Public Warrants issuable thereon are exercised. (7) Outstanding shares of Common Stock owned by an employee of the Company. ----------------------------------------------- snip -------------------------------- Public float is around 2M , Vector Vest gives GTAX a value of $2.90 OUCH ! vectorvest.com Fare that well Rob P.S. Is this a high flyer short , or a mechanical aspect short ? I think we have a tweener here !