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


To: Bear Down who wrote (1499)11/6/1998 12:33:00 AM
From: Phil(bullrider)  Respond to of 3015
 
B D,

I previously stated that if SRCM made it to 15 I would box to protect my borrow.

I have changed my mind.

I will double my short position tomorrow, and will continue to short this POS until it is a GT0.

Have fun,
Phil



To: Bear Down who wrote (1499)11/6/1998 1:19:00 AM
From: Sir Auric Goldfinger  Read Replies (3) | Respond to of 3015
 
Hey MW, we boxed an absolute long ton (~200,000) shares of this pig. Guess what? I getting a bit full and it is time to take a dump. Let's see if you, the SERPent and OGRU can eat it and take it higher. Somehow I doubt it and me thinks it's time to supercap somebody.

While I agree with others who have stated that there are profits to be made trading both sides of this pig, I am completely certain which way I'd like to be if there were no market for the security for say, oh a year. By then the 3 escrowed interest payments will have been excreted and the bond holders (whoever the eff those dodos are) will be auctioning off the joke patents in a vain attempt to recover more than a nickle on their principal. Remember, this bag has NEGATIVE book and slim and none in terms of generating new revenues. And guess what? Slim left town.



To: Bear Down who wrote (1499)11/6/1998 1:54:00 PM
From: MW  Read Replies (1) | Respond to of 3015
 
whats wrong bear ?? caught in a little trap???

<<<of course it is easy for you to say shorting srcm at 7 was a bad call but you thought shorting srcm at 30 was a bad call so how good is your advice. >>>

Right now my advice is as good as anybody else's on this board. I was wrong at 30 but right at 7. The shorts were right at 30 but wrong at 7. That makes us both 50%. The question is ..where does it go from here?

mw