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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Gary R. Owens who wrote (1058)	8/26/1998 7:17:00 AM
From: Paul Tran	Respond to of 3015

The way I see it SRCM is simple: The short: based their data on the last most recent quarter earning. "The Company's net loss attributable to shareholders was $34.5 million ($2.97/share) compared with $6.1 million ($.53/share) in the prior year period." and they use this loss as a tool to spread the bear. Who knows ? I see 3 groups of shorters here: 1. These shorters may also be the one who filed the lawsuits, because they lost their shirts and now become shorted. 2. They maybe the ones that hyping when the stock at $30 for some kinds of buy-out deal. 3. Used-car shorters, who may be taking advantage of this loss news, operating from a boiler room somewhere in a basement filled with dirt, making cold calls to spread the bear news. At $20 or above, I would not want to buy SRCM. But below $10, with the cable and Internet TV concepts. I think it is a bargain. It is below the IPO price in 96. If it get to $6 like they said, I'll buy more and will enjoy the short squeeze. This is how the internet companies: YHOO, AMZN ...got started. "Source Media is a leader in the development and introduction of localized new media content, advertising and technology. Source Media's IT Network provides new media content and advertising services via newspapers and Yellow Pages directories to over 150 million households and businesses nationwide. The Interactive Channel is an interactive cable TV programming service designed for today's digital cable TV programming tiers. VirtualModem(TM) develops and markets the intellectual property, software, and patents behind the company's interactive cable TV technology, which includes Internet on TV.'

To: Gary R. Owens who wrote (1058)	8/26/1998 11:39:00 AM
From: Phil(bullrider)	Read Replies (2) \| Respond to of 3015

<<<<I've learned that although I may not completely agree with the shorts, they do offer a conflicting viewpoint that should not only be considered but often, acted upon.>>>> Gary, I don't really consider myself a "short", and am basically a "bull", as my handle implies. However, when one finds a company with a negative story as compelling as the one presented about SRCM, one should thoroughly research the story, whether long or short. The longs on this thread have been warned repeatedly, and most have chosen to ignore the warnings. I am simply glad that I performed my research objectively and chose this to be my first short sale. It certainly was profitable for me. That, sir, is a fact. Good luck, Phil