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

To: Nazbuster who wrote (29831)	4/13/1999 8:00:00 PM
From: RockyBalboa	Respond to of 122087

I think that are carefully orchestrated sucker traps. I have watched both Florida, and SCAI for a ride downhill. When FL apparently stalled and started to break below 15, I thought, they are done. Alas. Didn't watch it any longer, reminds me on AVCO. Same as SCAI when I got lured into a short at 59-60. When I realized the nasty sqzeeze I belatedly covered...and bought into.

To: Nazbuster who wrote (29831)	4/13/1999 8:00:00 PM
From: jjs64	Read Replies (1) \| Respond to of 122087

I think there are alot of great internet banking shorts in the making: EQTX - Run by one of the IMON crew... FLBK - A tiny little bank with stock price dreams of grandeur, I think it will be a great short one day, just dont know when. RSES, CSDD - Scam-A-Rama FNHC - Lots of cheap stock to come out and a ridiculous market cap, but Mr. Pink is the expert in the sub-prime lenders.... Anyway, thats where I am focusing.... Best regards!

To: Nazbuster who wrote (29831)	4/13/1999 8:24:00 PM
From: RobbRacer	Read Replies (4) \| Respond to of 122087

Daniel and All, FLBK- A CLEAR SHORT. Here's the low down. I think people got very confused with what the press release is about and what it intended to say. This bank is not trying to be a Netbank. They have 3 branches ironically one of them in Gainesville where I live and know an officer. They are offering online banking to be competitive with its local rival competitors(Nations, First Union) for existing and regional customers. They are not doing online banking so they can get deposits from all over the United States and compete with NTBK. To give you an idea how small this bank is ( I didn't even know it was public until today and was shocked)its interest income for the year was 3.7 million. Thats like gross sales guys(and lost 4MM)!! Thier Gainesville branch dosn't even have any customers hardly(its right down the street from my house)I know. Thier plan for expansion is not getting customers from the internet but open a few more branches in FLorida when they can afford too. This was a case of Daytraders and momentum players jumping in a stock without really looking at the company. Its not a scam just a small town type of bank with a handful of employees that trades on average 17,000 shares a day. I know investment managers with more assets under management. FLBK-was so shocked about what happened they just released a PR saying they would use this new found currency to make aqusitions if the price held although suggesting it probably wouldn't. I intend to short any GAP and keep hold it until its in the teens.!! Even daytraders are not stupid enough to keep this up!!! Rob