To: Bill Ulrich who wrote (916 ) 11/12/1998 4:55:00 PM From: ztect Respond to of 1754
Bill: I admit when I'm wrong. You are right. $9.00 like I said was very high and as you correctly point out "absurd". Having read many threads and articles on y2K, hyperbola and sensational are synonymous with the whole conversation. Covering one's butt legally seems to be as big an issue as the y2K problem itself. Some people say that it will be a problem with catastrophic proportions, others say it's a hoax. Those who say it huge seem to selling fixes. Those who say it's a hoax seem to be shorting y2K stocks. (Just read the TAVA thread). So I personally take the whole larger conversation with a grain of salt. Would be interesting to contact the analyst who wrote the report and ask him what his basis was. Surprised my diligent buddies joe and jeff haven't already done so. Anyway as you may note, I have neither pumped or dumped this stock. I certainly haven't told anyone to buy it. I have merely wondered why anyone would so vehemently deride the company without even knowing who the CEO was and without any interest in contacting the company. Most of the insinuations so far seem to be without basis other than perceived "red flags", and don't take too much to rebuke. Like I said before in a previous post, I don't know whether these self anointed "cyber vigilantes" are part of the problem or part of the solution. Furthermore stating that there is competition for a specific product is pointless if you haven't determined how big the market is, how much market share is necessary to generate revenues, and how effective is the company's marketing and sales efforts. If the market is significant, then even 2 to 3% of the market can be profitable. Anyway if hypsters predominated the conversation on this thread as they have in the past, I'd have to question them as well. For purposes of full disclosure I will state that I have a small position in this company that I will trade out of when my target is reached. If the company's E-Commerce product is worthwhile I may up my target. Other than this small financial interest in this company, like I also said before, I'm amused by these "cyber vigilantes" and diligently record their antics for posterity and some of my "friends". z