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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: BANCHEE who wrote (6834)	1/29/1999 5:12:00 PM
From: Trader J	Read Replies (1) \| Respond to of 56535

Banchee - Yuppo, not much fear here with me. I have a feeling there will be some surprise announcements along with the grand opening of the site. Anthony said "Whoopee, so they have a website". Now, I don't see this as a long term hold but, this is not the same situation as it is with BIKR. This type of offering has some serious penetration. Everyone has a favorite cologne or perfume and they are not cheap. To be able to save dbl. digit % on each purchase and have it shipped to you creates enormous potential. It is not like many of these other shopping sites where you may not be looking for anything specific. If you go to Perfumania, you know what you are there for, the brand, and how much you are willing to pay. I will, myself, be using them and I am sure others will as well. However, a good idea and implementation does not a profit make. Meaning that, they may continue to lose money for the forseeable future but that is not what we are banking on. I like to play the Inets that are the best at what they do. Those are the ones that should be considered first tier Internets. I do not think anyone would argue that they fit this criteria. Their Inet presence coupled with their brick and mortar sites compliment their business plan and it makes sense. This is what people will buy into. The web site is good, but any partnerships or third party relationships is what we are looking for here and if we get those, I still think we are up big on Monday. I love the shorts being in with us here, I think it is a monumental mistake on their parts and it is not a smart move. I am completely objective with investing and trading, anything less is not wise. I believe Anthony made a good intraday call, but made a very bad mistake by holding into weekend. There shares will be expensive for them to unload and his smaller players will be scared out. Bad shorts only add kindling to the fire for us long traders. However, if I am wrong....I take my hat off to him. Good luck to all, lets see some news. TJ