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

To: Herc who wrote (285)	3/6/1999 10:12:00 PM
From: Pkelly50	Respond to of 516

Sherlock (i.e. bhemeter) I, fortunately, do not need to use any of the products you described because of the business I am in. Obviously, in order for me to get comfortable with the initial story in early January (love to talk to the group that got in a week earlier-notice the spike from 1 3/8 to 3 1/2, before settling back in the 2 1/2-3 range), I needed to be able to evaluate the efficacy of Omega's product versus their competitors. Believe it or not, their biggest critic, their lead manager (RS), gave me the confidence I needed. They were emphatic that OMGA had the best product in their space, that they had the highest net worth, active trading clients in the biz, that they would make an unbelievable takeover target, that they had indeed suggested to the founders they should look for a strategic alliance, and that the founders had zero interest at the time. Since the time when the founders balked at the takeover overtures by RS, the banker and original analyst on the IPO left the firm. The account was handed to a junior guy who has clearly been asleep at the switch. He had a hold on it at one. He has a hold on it at 11. They have become irrelevant. When IPO's go from $11(IPO offering price) to $1, relationships between bankers and firm's get strained. As I said, the original folks at RS are not even there anymore. I smelled ill feelings all the way on that one. Watch for HnQ to get off their ass soon. I suspect after 1Q99 numbers released in mid-April. I have yet to read a short that exhibited true conviction in their comments, and as such I suspect the shorts are a series of men and women with no more than 1000 share positions at best, who will flee like the cockroaches in SirShortman's kitchen when he turns the light on in the middle of the night as soon as the impending news comes out. See Yahoo Finance.