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.

Technology Stocks : PWEB - Pacific WebWorks.. FrontPage for Businesses? -- Ignore unavailable to you. Want to Upgrade?

To: R.Lui who wrote (20)	2/11/1999 10:13:00 AM
From: John Fairbanks	Respond to of 76

Uh huh... that would have been me. I had a Microsoft conference to attend and after watching the thing for two weeks I couldn't stand the thought of losing the chance to buy while I was away. I had an order in for 1,000 at the open. I never dreamed it would open at $20! I was looking more like $10 until the day it actually opened. May the stock gods beat me soundly for being so incredibly foolish. I don't mind learning from my mistakes but I sure hate doing things when I know better and do it anyway. Sigh.

To: R.Lui who wrote (20)	2/11/1999 9:44:00 PM
From: Paul Pry	Read Replies (1) \| Respond to of 76

Lui...The fact remains the same. Nobody, besides the insiders, owned the stock at a profit when PWEB opened @ $20. So who is going to turn around and sell? In this market, MM are scared to death to short a web stock. That is part of the reason they are doing so well. The MM are getting out of their way. Plus there can't be any PWEB stock in DTC to borrow against to deliver. I doesn't make sense. Too risky. What does make sense is the penny promoter dumped a good hundred to two hundred thousand shares of artificially inflated PWEB into the market. He probably kept a good chunk of change for himself and gave some to the company as the funding he promised. Come on.. You've got to know a thing or two about penny stock guys? That is why you must really look at a penny stock. Most other hot internet stocks were underwritten by legit firms. If the PWEB's product was really great, a investment banking firm would have funded the deal, taken it public on NASDAQ and supported it with its brokers. Something to think about. I will see who is active in the box on PWEB. Til then... PAUL