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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: David S. who wrote (4621)	11/14/1998 11:48:00 PM
From: RockyBalboa	Respond to of 18998

David S., MALL or not, this ongoing internet frenzy must be transitory by all means. If a Globe manages to open up 900% above to ipo, if Greg Mannings very exciting stamp collections, a dusty former BB stock with ties to ProNetLink (PNLK) manages to light an intraday 1600% gain in 10 trading days, 1000% of which recently, then it is buying frenzy, what else. The only possible profitable outcome is the case that a company beats estimates and becomes profitable much earlier than anticipated, like my former short, G2NET. And even then, one has to think how much is already priced in yet. But you can count the co's on one hand, for which that criterium may fit. Regarding the spinoff. Others did, and did not fare well. Consider the plays WCAP/COOL, or CCEE/SWRX, both accelerated the stock in lofty heighs pre-ipo, but after the ipo cooled off, both were good shorts right at the ipo. Mall seems to be the same, the have uBid but one should forget about the rest. The spin-off should bring money in their coffers and propel their own share price by getting a market price for their asset, a legitimate claim. But why not use it? And neglecting INFO, it was one of the best performing daytrades. In bits long after the recommendation but out near the days high propelled the portfolio rather well. It pointed out a opportunity and one had just to pick it up. I can't complain at all. It acts like an internet stock and so should we treat it. Good trading! C.