Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?

To: stubbs who wrote (670)	1/31/1999 4:44:00 PM
From: Rocket Red	Read Replies (1) \| Respond to of 3896

Stubbs I do not know if your missing something. The direction of the Market will tell you if they like the results.

To: stubbs who wrote (670)	1/31/1999 5:20:00 PM
From: Wizzer	Respond to of 3896

Also I highly doubt that the article had an affect on the price but I suppose we all look for excuses when south happens instead of north. Investors who play the "short" side of stocks instead of long, open up short positions when an article like this is released. When they open up a short position (SELL), people panic at the decrease with volume and as a result the dropping price causes long positions to sell and STOPS to be hit. I don't have a current short position on MCF. This week it is likely we will see some covering of short positions (BUYING) which will cause the price to go up. It's just a matter of when. Remember we are all opportunists and most of us go long on a stock, but there are many investors who "go both ways" going long then looking for an opportunity to short a stock. When you look at short positions for a stock like BII, it is quite apparent that an increase in short positions causes a temporary drop in the stock. At some points (last at Jan. 15) there were 1.3 million shorts on BII. Once that pressure is relieved we get upward movement. Regards, Wisam

To: stubbs who wrote (670)	1/31/1999 6:15:00 PM
From: Laser	Read Replies (2) \| Respond to of 3896

stubbs, Where do you see a profit if we exclude the $2.1 MM? The 3rd quarter shows a loss of $3 MM approx, so if you ignore the PPL expenses, MCF is still in the hole even with the additional revenues. Looks to me like quite a burn rate. I'd like to know where the money is going. If they're going to make much ado about the increased revenues, they should at least state what expenditures are causing them to post losses. Let's have some proper disclosure here. Just MHO.