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

To: Craig A who wrote (3488)	2/19/1999 12:57:00 PM
From: John Bissell	Read Replies (3) \| Respond to of 5300

OK folks, the bloodbath is basically over for now. While I had called it right that the stock would probably drop the week of the Beta, I did not anticipate the size of the drop. Specifically, I didn't expect the shorts to pounce on WCTI (they covered this morning) and I did expect a much better Beta. Clearly the Wordcruncher team felt it was more important to meet a date commitment than polish the product. This is a decision I definately agree with by the way. In software, you are NEVER done, so you have to publish sometime. Making dates consistently is a good habit to get into, so I do applaud Lunt and others at WCTI with their decision. I also agree with their decision not to put a lot of $$$ in PR at this time. I was wondering why they didn't do more before the Beta release, but now I understand. Based on what I see now, it would have been a waste of money. Better to advertise aggressively when the product is more developed. So OK what's next? We'll probably not get much upward movement in the stock price until there is a good reason to buy. Here are some things that can do that over the next few months: 1. Consistent and continued improvement in the product, particularly in content. 2. Deal with big name partner(s) announced (Novell?) 3. Release of General Availability product, release 1 (April timeframe?) accompanied with advertising. 4. Announcement of NASDAQ listing. Until then, hang tight...

To: Craig A who wrote (3488)	2/19/1999 1:04:00 PM
From: John Bissell	Read Replies (3) \| Respond to of 5300

We all know it's a mistake to be influenced by people's postings here, but it is hard to resist. Take Ed Silverstein for example. Great guy. Good posts. Said the stock was going to $100. He bailed at $24 and crowed that he made a quarter of a million! Do I blame him? Absolutely not! In the same position, I would have done the same. (I wouldn't have rubbed it in on how much I made though--really tacky Ed. I am surprised at you...) Anyway, the key learning here is that you need to have a well thought out strategy on why you invest in a stock and then stick with it unless something changes. My DD indicated that this seemed to be a solid company with technology and good management. So over the course of a few months, if my research is correct, it should reflect that value. So my strategy is to hang tight. If it turns out that my assessment was wrong and that this is really a flaky company, then I will sell (at a huge loss mind you) sadder but wiser. But I have no indications yet that is the case. So if you are a day trader like Ed, go for it dudes. Just don't let yourself be convinced by anyone but your own research. IMO