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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Al's Fun who wrote (2214)	3/7/1999 8:09:00 PM
From: Sir Auric Goldfinger	Respond to of 3015

The Truth. Read the expose on this thread, there is a lot of history. No one is buying their products and they have a press mill of mis-leading statements. You really ahve to go back to when there were rumors out there about the AOL/MSFT/YHOO buying the company (when it was moving from 25 to 39 and was halted) Check those dates and read Pluiva & Archers posts. After you've done that you'll be pretty well informed.

To: Al's Fun who wrote (2214)	3/8/1999 12:07:00 PM
From: NJR	Read Replies (1) \| Respond to of 3015

The answer is: It's not a scam. I know a few of the management team, they are good guys. The shorts tend to spew self-serving, idiotic flapdoodle because it is easy to take the "no" side of any discussion. Always more difficult to participate on the supportive side because we do not know what lies ahead, although I believe MW makes good sense about the potential for upside regarding SRCM's latest deal. Figure this: If the short side has put their money where there mouth is on this stock over the last year, they are probably upside down. For them to hit a home run here, they need to create enough of a scare to drive the price way down. Thus their use of terms like "scam" and the pack mentality, intending to intimidate the average investor. Come to your own conclusions here. Best regards, NJR

To: Al's Fun who wrote (2214)	3/8/1999 12:20:00 PM
From: Smilodon	Read Replies (2) \| Respond to of 3015

Hi, Al, The shorts (I am one) say SRCM is a bad company because they have driven their stock price up by hyping the future potential of the company. The shorts think the company has very bleak future prospects for new business outside of its IT business. The IT business by itself is unlikely to come even close to paying the interest on the debt the company incurred. Thus, we see this as an eventual bankruptcy. Of course, the longs disagree. But, the important thing to realize is that anytime short sellers appear on a thread presenting detailed analysis, you should be very reluctant to go long that stock. Make sure you are certain of your position, because the likelyhood of there being real problems with the company are much greater. It is often easier, and in the long run more profitable to just buy companies where there is no controversy. Remember, they call it a con game as a short for "confidence game." Meaning they gain the trust and confidence of those they swindle. And those being taken advantage of are often the biggest proponents of the game until it completely blows up in their face. BTW, Auric is one of the most respected short sellers on SI. Check out his thread. Regards, Archer