To: jjs64 who wrote (27 ) 3/9/1999 6:42:00 PM From: Andrew G. Read Replies (1) | Respond to of 147
jjs64 has a classic 'short' perspective. The only problem is that his attitude/demeanor and faulty logic gets in the way of him giving a convincing argument. Here's jjs64 statements and my reply: jjs64: "1) Why would anyone buy ANY OTCBBstock...the BB is the home of crminals, stock promoters, scam artists, etc...." reply: This is a case of Either-Or Thinking or Polarized thinking where one tries to reduce every problem or issue to just two sides: right or wrong, good or bad, black or white. To say that 'Any OTCBB' is a bad investment is to immediately put your argument into the category of narrow minded thinking. jjs64: "2) Along with running ASMCD Ed Tobin runs a schlock house brokerage that goes by many names GEM Ventures, Global Emerging Markets, Wharton Capital." Reply: Slanderous comments that you have made towards Mr. Tobin are more likely to get you in trouble than win over any more short traders. Your rude references to him and his business affiliations are your opinion, and have no bearing on this company, but they do reflect on your character and your motives. jjs64: "3) ASMCD's Technochannel unit had 1998 revenues of only $2 million, for a company with a market cap around $150 million, that makes it rather pricey." Reply: "pricey" relative to what? Read from the 3/4 press release:biz.yahoo.com "MyWeb already has a base of 15,000 set top boxes in the market, and it expects over 100,000 more to be sold this year. That would be more than twice the amount that WebTV had in the market when it was purchased by Microsoft in 1997 for $425 million. On Tuesday, ASMCD (MyWeb) had a market cap of only $120 million. " Bear in mind that ASMCD just recently acquired MyWeb and this company is in the early stages of development. There is no current criteria for determining the valuation of internet related stocks such as ASMCD. But if one draws relative comparisons ASMCD is trading at a lesser value to it's counterparts. In summary: jjs64 will continue to perpetuate a negative perspective on this company and continues to do the same for other stocks that jjs64 is shorting. See jjs64 comments on the Anthony (shorts) thread. While short and long position traders/investors are welcomed here, it would be nice if we all could share a common decency in refraining from slanderous statements, and measure the logic and meaning of our words.