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

To: RumbleFish who wrote (1817)	9/21/1998 10:52:00 AM
From: Q.	Respond to of 2506

WEBB is a good pick, RumbleFish. They create web sites. I've been short the stock for a while. In addition to the reasons you listed, here's something interesting: Mgmt. had been saying it would do a big secondary, which I believed was an unreasonable expectation for such a lousy little cash-burning co. Now it seems to have dropped that expectation, and says it expects to do a $15 M private placement, on top of the existing convertibles, and thiss too I think is an unreasonable considering the small market cap of $18 M. So overall, mgmt. seems to be living in a dreamworld of growth that won't materialize.