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

To: Bear Naked who wrote (36024)	5/14/1999 2:19:00 AM
From: Syed	Respond to of 122087

(PCNTF) Bear Naked - I read the yahoo board, they were fairly negative. The new press release is very positive, but the additional shares will hurt the stock especially with the current volume. Why does this happen just as I decide to go long? I'm sure this will hurt only for 2 weeks then it'll be back.

To: Bear Naked who wrote (36024)	5/14/1999 2:48:00 AM
From: who cares?	Respond to of 122087

<PCNTF> Bear, normally that many more shares coming out would hurt a stock but not with internuts. I was in XMCM when they announced their secondary, I bailed at the open the next day, the stock went down, then actually went green. It was in the mid 60's at the time, and figuring the dilution it should have went to the high 50's which it did, then takeover hype hit and it was gone. Now PCNTF I don't get. When it was at 40 and below it was a nobrainer compared to American ISP's but at 60, on a per subscriber cost basis I think it's way high. They have what, 216k subscribers now? They had 200k or so last quarter I believe. At the time, everyone was basing these huge future valuation on projections that they would double subscribers in the next year, judging from the first quarter, that's not going to happen. Everyone talks about them going to billion people China, and billion people India, but both of those areas are more like million computer and telephone. It's a lot more than that, but still, that's the bottleneck, computers and phone systems, and people that can afford them, these are very poor countries over all. I personally don't see it. Should an Asian ISP be valued at more per user than an American one? A lot of that is based on ad revenue and e-commerce. Does an Asian ISP customer spend as much $ online per month as an American? I haven't seen a study but I would bet against it. Their growth rate is nice, but not like it was supposed to be, so I don't see them being priced per user, for more than healthy growing American ISP's like MSPG and ELNK and 3rd tiers like RMII and GEEK. I think the stock got it's initial run on broker recommendations, then was internut stock of the moment for a day or two when news of possible takeover leaked, now it's settling in. With it's tiny float and major institutional backing it's always ripe for some manipulation and short squeezing, but fundamentally I don't see it going back to 100 for a long time. People are going to be much more likely to buy the real deal AOL down off it's highs(though it can go much lower, not a lot higher imo) than they are an Asian AOL wannabe. Mr. Burns