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Technology Stocks : Omega Research (NASDAQ:OMGA) -- Ignore unavailable to you. Want to Upgrade?

To: Herc who wrote (283)	3/5/1999 8:18:00 PM
From: Pkelly50	Read Replies (1) \| Respond to of 516

Sherlock, (i.e. bhemeter) Congrats on your heady due diligence. Its funny, I had no idea that RS,L and HnQ were the bankers on the deal, and that RS lead-managed the deal. The only reason I called and spoke directly to those firms was because they were the first three I-bankers that showed up in the yellow pages. I guess I got lucky. As for the tendency for bankers to push their deals, my sarcastic response would reveal more about me than I want known. I assume you were only trying to be helpful with that comment, so I will not excoriate you in this space. I am not in the business of taking any analyst at face value. I know the odds of getting burned. As for your sales analysis, it is bunk. Read Pkelly50 on yahoo finance. I do not think they will do $100MM in revs next year. I think they will do $40MM top line on the upgrade, and that there is a shot that RadarScreen and HistoryBank could,in the aggregate, double that number. If it does not, I am not worried, because they Will do enough to support the fundamentals at $8-10. Your analysis of past earnings is irrelevant. You need to be concerned with what they can earn as a going concern. I do not believe there is enough banking biz to entice the four analysts covering this stock to step up to the plate, and there certainly won't be enough to make them all happy. If you are a college kid trying to make a quick buck on your 100 share short, go for it. You may well get your $200. If you are a serious investor looking to make a lot of $ on the short side, you will be disappointed. I can think of 10 stocks I would rather take my chances on. Most of the bullshit highflier on-line broker stories imploded within a week. Study the chart on OMGA and ask yourself if the analysts would risk their reps by posting mid-teen price targets on this one. Not a single brokerage firm initiated on the JBOH's of the world, and the insiders blew out a lot of stock in those companies. If I owned over 9 million shares of this firm, as both co-founder brothers do, you better believe I would have sold a few shares by this point. It is astounding that they have not. Because the stock is up from $1 to $11 you can probably make a few points on the downside, but you will lose if you are trying to make serious money, and we will post the names of the geniuses who have posted the rash of idiotic and uninformed comments. If somebody has shorted 20,000 shares or more of this name. I would love to hear from you, because you have true conviction and I might be able to learn something from you. Although you ultimately will be wrong.