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

To: StockDung who wrote (33653)	4/29/1999 3:03:00 PM
From: Joe Copia	Respond to of 122087

Love your pics. Do you have a program that does that? My kids would love it. Joe PTG&LI !!!

To: StockDung who wrote (33653)	4/29/1999 3:52:00 PM
From: pumpshorter	Read Replies (3) \| Respond to of 122087

VITE smelling a bit Anybody wondered why this dog ran up so much the last days. They traded at around a buck a few months ago, now they are at 8. So here's my guess: On last monday (26th) we had a "strong buy" recommendation in an german internet publication called internet-investor (if ur able to read german language pls. feel free to look it up at www.internet-investor.de). These clearly frontrunning hype-artists are rising stars at german msg.boards, they helped driving Etrade Australia 300% in a few weeks. OK now they're on VITE... They ran it to like 8$ in Germany on monday, in the US they suckered the momo players in and drove the price up to 11$ (look at the monday chart for last 10 minutes on monday, from 9 to 11 on nearly no vol., this tells the whole story!). Since then they're just selling more shares to german suckers on their crazy price target 20$. Volume today was fading in Berlin(75k) where it closed just under 8$ (7.5€), yesterday we had vol. of 175k. Bet they drive VITE a bit before the OTC-close today for easier selling in Germany tomorrow. Just take a look at the last 10K to see what the worth of this company is. They burn abt. 300k cash/month and rapidly running out of cash they just did a financing in february selling preffered stock for 1.85$/shr. to european investors. Though the whole financial sector in Europe is underdeveloped - my take is, that the market situation is not so funny for them at all. Financially VITE clearly is in the dumper. Beside their 6 mln. common they have 5,726,001 shares of preferred stock (convertible 1:1) outstanding. They already reported that they need more money for expansion and more/better products. I have absolutely no idea how this hype-scheme works, so maybe just watch this one. I still have no clue who sits behind this stinky action but these guys are close to the company. They already spread that sort of "quite positive" news are to come. It would be no surprise if VITE soon (and timely) comes out with some BS-news. They already filed their namechange (to firstquote.com) and with a few warm words this would be enough for a crappy release. So choose your reason: 1.)meganews out soon pushing this pig to 30$ 2.)one of the eight investors wants to get out 3.)the company needs a better financing situation and that is all about Hmm, any takers for 1.)? Shorting this one is not like a no brainer, there's only a tiny float and getting your shares in a frenzy would not be so easy, so watch out. And you need to know that the "Berliner Freiverkehr", one of the largest marketmakers in Germany, is one of the investors in VITE, so we would have to fear that money is not the problem in this scheme.