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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC -- Ignore unavailable to you. Want to Upgrade?


To: RJ_Ewing who wrote (625)5/1/1999 4:41:00 PM
From: Mark Peterson CPA  Read Replies (1) | Respond to of 1150
 
--------OT--------

RJ.

Hey, if you think this stock has seen its last days, you are entitled to you opinion. A friend of mine thought the same of CMGI at 100. So he took out a big short position. Now he is divorced and is in danger of losing his house.

RJ, although it only cost me 1.8M to get rid of mine, ex spouses can be so greedy these days - they're always coached by attorneys, church groups, and their hair bow set of friends to think they're entitled to all of your net worth AND the present value of your entire future stream of earnings capitalized at some Inut rate of interest.

I'm not so sure your friend's short of CMGI was an accident. Wouldn't be a bit surprised if he took a long position in CMGI once the divorce was finalized.

Here's to your friend,

Mark A. Peterson

P.S. Why is divorce so expensive? Because it's worth it!



To: RJ_Ewing who wrote (625)5/1/1999 4:54:00 PM
From: Mama Bear  Read Replies (1) | Respond to of 1150
 
" if you think this stock has seen its last days, you are entitled to you opinion. "

Please don't put words in my mouth, I never said anything remotely resembling that. Again, a comparison to CMGI. It doesn't seem to matter that there are significant differences between the two situations to you. Heck, just comparing the floats of the 2 stocks would show you a significant difference.

"From what I have heard, the only wat the 75mm Appollo deal falls through is if they get trumped by a higher bidder, though I think that is unlikely. The deal is firm and may already be a done deal.

You heard that? From whom? If the deal is done there should be an SEC filing concerning it. You do know what Edgar is, don't you? Please provide a way to verify your statement, else I'll regard it as cyberhype.

BTW, no need for silly posturing about losing houses and such. It sounds like your friend didn't have a very good grasp of risk management, or a serious ego problem which wouldn't allow him to accept that he'd made a bad trade. Neither has anything to do with making a bad trade, so it's irrelevant to the discussion here. Is that stuff like you guys do when you're at the bar rooting for your favorite football team to score a homerun?

"I guess they are wrong and you are right."

Who is they? The folks at Apollo, the company, who? Of course, time will tell. I just don't see buying into the hyperbole that the company has issued without seeing any substance. So far, there is no there there.

Barb