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

To: ACS_101 who wrote (26964)	4/5/1999 9:58:00 PM
From: RobbRacer	Respond to of 122088

Hello everyone, Here is my current position on TRAC. Seems grossly over valued at a market cap of 400MM and with a P/E over 1300 I have to wonder why people do this to themselves. Going into a very competitive market where they will not be a dominant player. It's too late. Margins on online trading a razor thin. At least EGRP owns a stake in the MM it routes orders to. It appears this one was run up by daytraders on todays news. I guess they didn't realize the CEO(Barry Hertz)probably dosn't think his shares are worth this kind of money since he has been a seller of late as evidenced by the form 4 filings as recent as 2 weeks ago($12-14). i think I would be a seller too if I had 11 million shares worth 300 Million. And here lies the problem. The float is 3MM and He controls the majority of the stock. Based on this the stock would probably remain very volitile. Any other significant news(Rumour about AOL buy-out) will cause short term pain. Lack of such news should cause this to fall quickly. Based on the above info. I would be looking to short any Gap but quickly lock in any profits. Would not hold this more than a couple days most. Comments Actively encouraged, Rob