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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (759)	4/12/1999 8:46:00 PM
From: michel petit	Read Replies (1) \| Respond to of 1305

Is Pico Holdings the next WCAP? PICO owns ~50% of PC Quote(PQT) Market cap. of PICO ~$155 million Value of their PQT shares ~$110 million and growing Book value~$20/share but intrinsic value well above that(PQT is in their books at <$2.00/share)

To: Tom Hua who wrote (759)	4/12/1999 9:40:00 PM
From: Scott Bergquist	Read Replies (1) \| Respond to of 1305

So if WGAT went to $100/share in the next 90 days, then the value for Winfield Capital would be $9.3 mil or $4/share which they may announce as their "per share profit" for the quarter. <G> This is the "back-of-the-envelope" calc that I am sure many people are performing, right or wrong. That is why I say, intrinsically, this whole internet mania makes no financial sense, but brokerages/analysts go through gyrations to justify this crap, and it isn't stopping soon. What was it that went public last week, that had revenues of $2mil, a net loss, and a market cap of $760 MILLION after the IPO???!! oh yeah, it will eventually return to sanity, but do you want to loss opportunity costs in the meantime by shorting????