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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (15586)	11/18/1998 5:17:00 PM
From: Dale Baker	Read Replies (2) \| Respond to of 18691

You're not the only one playing the long side with these puppies. To reiterate for everyone - if the float is tiny and especially if the short interest is high, DON'T TOUCH IT SHORT! MALL was an easy five-point gain on the long side even after it shot up and hit the headlines. All because the daytraders are waiting to kill the shorts on these small float stocks. I may feel guilty about Internet long profits, but they count the same in the cash register. BTW, still short TERA, REXI, CCSI and MCAR plus puts in MU, SRCM, ZONA and AND.

To: RockyBalboa who wrote (15586)	11/19/1998 3:16:00 PM
From: Pravda	Read Replies (2) \| Respond to of 18691

MALL is a short term long -- don't short this uBid runs an online auction for computer products and other consumer goods. The nearest competitor to Ubid is ebay. Currently, ebay has a roughly $6 billion dollar market capitalization. MALL has a roughly 260 million dollar market cap, and will own 80.1% of uBid after the IPO. From uBid's S-1/A filed 11/18/98: "The Company is currently a wholly-owned subsidiary of Creative Computers, Inc. (the "Parent"). Upon completion of the Offering, the Parent will own approximately 82.3% of the outstanding shares of Common Stock (80.1% if the Underwriters exercise their over-allotment option in full). The Parent has announced its intention, subject to satisfaction of certain conditions, to divest its ownership interest in the Company in 1999 by means of a tax-free distribution to its stockholders but in no event prior to 180 days after consummation of the Offering. Only holders of the common stock of the Parent will receive shares of Common Stock in the tax-free distribution. Such distribution may adversely affect the market price of the Common Stock." I know this thread thinks EBAY is ridiculously overvalued, but shorting MALL is like shorting EBAY at one twentieth of the price. I am long MALL. This surprises me also. Pravda