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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 (1799)	7/28/1998 5:32:00 AM
From: Graeme Smith	Read Replies (2) \| Respond to of 4634

Source Media (SRCM) is collapsing. Down 20% today, I decided to check out the SI thread for relevant news. I am currently only 1000 short, if I can short more above 20 tommorrow I will be. At the moment I have no idea what point to cover at. I need to do more investigation to say what the fair price/cover point of the stock is. Tomorrow is shareholder meeting, and so buyout rumours will be effectively quashed. Also insiders want to increase their stock options, and remove the clause requiring them to wait 6 months before selling. I wonder why that would be. Another bonus, Steven M Kaplan is on the thread. I expect he has been employed by Bill Gates and co to design the www.SourceMedia-MicrosoftandAOL.com site. Graeme

To: Bill Wexler who wrote (1799)	7/28/1998 5:33:00 AM
From: Graeme Smith	Respond to of 4634

Source Media Internet reports traced to stock promoter Recent speculation that Source Media Inc. was a takeover target of Internet companies including Yahoo!, America Online and At Home were dismissed as the work of unnamed stock promoters by the New York Post. Source Media's (SRCM) patents cover "clumsy, low-bandwidth ways to use a phone key pad to interact with cable services and the Internet," the report said. The reason for the speculation, the Post continued, was to boost Source's share price to a level to trigger warrant holders into buying $25 million in stock. Shares fell 3 3/4 to 21 1/4.