Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (17891)	3/25/1999 8:38:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 18691

WCAP...unbelievable it traded at $2 on October. They own a good part of Rowecom and WGAT surely will help the stock price. Besides that, they show $4+ earnings for 9 Months in 1998, including all the one-time gains. Results were: 3 Mos. to Dec. 31: 1998 1997 Net income 16,894 d792 Sh. earns. (basic): $3.36 d$0.16 Sh. earns.: $2.95 d$0.16 9 Mos.: Net income 24,281 d1,613 Sh. earns. (basic): $4.83 d$0.32 Sh. earns.: $4.58 d$0.32 dDeficit. *As reported on a diluted basis. C.

To: xcr600 who wrote (17891)	3/26/1999 1:04:00 AM
From: Marconi	Respond to of 18691

Thanks XCR600: WCAP after review today is not the same as it was last fall when it came across as a fluke. It seems overvalued by at least several fold at this price level, but not 10 fold. Might make sense as a proxy internet short if however they seem to be Shanghaiing internet IPO's, they become internet dominant but without a new source for puffy deals like the internet IPO's, and the downward cascades in internet stock price rationalization ensues. Then they would be positioned as a short depending on price then. Looking through Edgar today, I did not run across the detailed portfolio of their holdings as I had last fall. That troubles me because the mania is as fervant as ever, representing on paper anyway, some major economic dislocations to uneconomic entities. I don't see any way to earn fortunes through the internet better than sans internet businesses. The bubble has to fail some day. I have gone to the sidelines on WCAP until I can get a reliable picture of what they are into as well as what further they get into. Best regards, m