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

To: Don Westermeyer who wrote (12675)8/12/1998 5:49:00 PM
From: Oeconomicus  Read Replies (1) | Respond to of 18691
 
Don, re GCTY, it sounds like no one is even sure how they MIGHT actually generate material revenues one day, never mind profits. At least AMZN planned on selling books before they figured out they couldn't make money at it and started searching for a workable business model. GCTY is looking a little like a blind pool - go out and raise a bunch of money from shareholders who are immediately diluted by the principals who put up relatively little, then look for a way to invest the money to produce a return. Meanwhile, the stock trades purely on speculation that they might find a viable business.

Didn't the late 20s and the late 60s see similar phenomena? Just another sign of a very sick market, IMO.

Bob



To: Don Westermeyer who wrote (12675)8/12/1998 5:59:00 PM
From: RockyBalboa  Respond to of 18691
 
Uff. That doesn't sound good.

Now count the days until it get marginable. Hope the price goes up abit, or stays where it is, and momentum dries up...

In the meantime, CMGI may be a suitable and safe short proxy, along with some LCOS intakes? See: WCAP/COOL and CCEE/SWRX. Any calculations about the equity shares of LCOS and GCTY in CMGI available?

Clearly, it also depends on the market's mood.

Christian


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