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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: SEAN007 who wrote (20959)	3/16/1999 4:38:00 AM
From: Jay Fisk	Read Replies (3) \| Respond to of 122087

WCAP - A view from Yahoo - true too ??? post.messages.yahoo.com@m2.yahoo.com You OBVIOUSLY haven't done YOUR homework on this and are spewing bull$hit aren't ya...You might even be one of the manipulaters of this stock, trying to hype it up even higher before you start shorting it down!!! If you aren't a hypester and are merely a clueless investor praying the stock goes up, I just did your homework for you on my previous post. I just posted WHY this stock made all that money last quarter, and how it's lost it all and will reflect this in the next 10Q due out anytime now... Recapping: This company made $25 Million dollars off the IPO of ONE company (says so in their Dec 10Q...read it!). They can't pick stocks were a fiddler's damn, and have been losing their shirts for the past 2 years ("Investment Income also in their Dec 10Q...read it!!! ). Enter: COOL On 8/7/98, WCAP filed a SC 13G with the SEC to register 1,465,196 shares of COOL stock (read it for yourself at edgar-online.com). Remember, COOL went public 1 week previous 7/31/98 (also in their Dec 10Q...read it!!!). COOL stock went up and up and up. Nice little gain for WCAP. Ok so far??? Now, when the December 10Q came out, it showed this wonderful $25M gain for a $24M net profit. Where did this come from? (directly quoting from their Dec 10Q) "...principally related to the MARKET PRICE of ONE INVESTMENT in a portfolio company which made its initial public offering on July 31, 1998". COOL's stock price in December had doubled to it's all time high of $40/share when this 10Q came out. But, we have another 10Q coming from WCAP in a few weeks, and guess where COOL is now??? Down below $20/share! What happened to the COOL stock??? COOL unbelievably made 18 (yes, 18!!!!!) 144 filings with the SEC with intent to sell more of its stock (aka dump more shares on the market), driving the stock thru the floor. So what is that going to do with WCAP's nice little gain on the next 10Q? That's right...it'll be gone, and WCAP will be back in the red. Now, you might be thinking, "well, I'm sure they sold COOL stock for a nice little profit. NOPE! WCAP has to register with the SEC to sell the COOL shares BEFORE they can sell them, and WCAP didn't do that (go to edgar-online.com and see for yourself!). So, since they lost all their gain one their "one investment", what is this going to do to the bottom line in the next 10Q due out in a few weeks??? Ya got it...their back to red ink...and what's going to happen to this stock price??? It's gonna drop like a rock. (I'm still dumbfounded NOONE in here checked this...it took me 10 minutes to find this info out!!!) So, who'se driving this stock up??? I gotta tell ya, I'm pondering this article in Bloomberg today regarding WCAPs business associates who prepared their IPO (who incidentally were busted last year stock manipulation and had to pay nearly $1.5 million dollars in fines & restitution). And I can't help to see that it may be happening again...SO BE CAREFUL!!! SET YOUR STOP LOSS LIMITS...cuz when this next 10Q comes out, this stock price will be history! Best of luck, and make the $$$ while ya can, cuz there's only a few more weeks riding this one, then the horse is gonna die. DY :)