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To: Gutterball who wrote (500)7/14/1998 9:34:00 PM
From: Andrew Martin  Read Replies (3) | Respond to of 600
 
I've had it. Saw the interview and the Yahoo article. Fred came through as a cross between Norman Bates and George McFly. I just can't decide which. Probably McFly. I just loved the Yahoo article where he states such memorables as 'yeah, there aren't any analysts; yeah, it's a Yhoo message board p&d [not]; yeah the yhoo investors are our most loyal, etc. My favorite is the quoting of 'Alai8' from the message board saying anything below the IPO price of 10 is a 'buy'. Hell, even CNBC picked alai's current fair value price! Then Fred gives alai's well known Long-term target price for the stock of $35!

I'm dyin' here people. If Fred believes it's worth either $10 or $35 then why did the float increase from 3.7 million to 6.3 last week when the price was 3-5? Last Monday insiders owned 70%. This Monday after the bell it was corrected to 50%, a decline of 2.6 million. They just sold Last Week!

I tell you people I've been Long since 8 April and I've had it. I sold 60% at 7 and then shorted a few at about the same. After the Yahoo article and doing a little thinking I'm dumping the other 40% tomorrow at the 1st uptick and shorting to recoup what I lost from not selling at 7!

I've had it. If a float of 3.7 mil. could not support the April run to 7 a float of 6.3 mil. isn't going to do it now. You want to know what that Yahoo article was? It was a disclaimer by the CEO to reiterate the risks involved so he can protect himself from an inevitable shareholder lawsuit. Want to know why the likes of CNBC, Yahoo and Leap are quoting the Yahoo BB Bulls? So they can say: "I didn't say that 'he' said that. That's his number posted from the BB"

Look at the volume/price chart per the CNBC work over the last two days. This is a P&D extraodinaire. I am sick of this Bull Shit. Unless someone can give me some Good reasons to stay Long I am selling in the am and Shorting on the way out.

Feedback appreciated.

-Andrew, a.k.a. "JustaDrunk" on the Yahoo BB.