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Microcap & Penny Stocks : WCTI (Wordcruncher Internet) Search Engine of the future. -- Ignore unavailable to you. Want to Upgrade?


To: PistolPete who wrote (3300)2/18/1999 9:50:00 AM
From: Danimal  Read Replies (1) | Respond to of 5300
 
Wow - total slaughterhouse on this one today. Down under 19 already.. wow. Although they were told otherwise, many people were expecting a full blown internet-wide search engine portal. People don't realize that you can't go from no site to Yahoo in one day. Oh well, I sold earlier this morning, hopefully can back get in once the shorters decide to stop short selling, and begin to buy back.



To: PistolPete who wrote (3300)2/18/1999 4:37:00 PM
From: Paul Oliu  Respond to of 5300
 
PistolPete,

I am sure there are people about three steps behind Anthony. It always happens. In order to be profitable on a short position, two things have to occur. One, you have to be willing to operate in very narrow spreads, thus making the process expensive and not terribly profitable. The other is the market. The market sentiment has to lend itself to the short position. In the case of WCTI, the sentiment is not there for the like of Anthony. There is too much of a compelling case why people should buy and hold long, rather than bet against it. I can bet you one thing, I bet you that Anthony is making some contra-broker extremely happy.

Paul