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Technology Stocks : ADAM Software IPO -- Ignore unavailable to you. Want to Upgrade?

To: StaggerLee who wrote (80)	5/23/1999 3:50:00 PM
From: ben.	Read Replies (1) \| Respond to of 161

To the contrary, I have no desire to push ADAM or any other stock for that matter. If you have been reading and watching the news, you would have seen or read that Bloomberg reported that this company is a take over target. I believe it was also posted somewhere on this board. According to bloomberg, the owners of the company refused comments on the news and anyone who has been in the market for a while knows that such refusals to comment are consistent with take over targets. I don't give a damn about the SEC and what they may think. The guy's information is public knowledge and is not subject to regulations. According to people, in Atlanta, InfoCure and Medaphis which are also based in Atlanta have been eyeing the company for a while. The haste according to them came when COX communications also based in ATlanta took a major stake in the company last week. (check news achieves). You don't have to be a rocket scientist to figure that when major companies start taking stakes in unknown companies, something is up. When Bellsouth also from Atlanta took a major stake in Quest communications, same thing happened. I hope the company gets bought as he predicted. I will not benefit in either way and my short position is so little for someone with "inside info" as you insinuate that it's not even worth mentioning. Either way, I will be out of the stock and wait to short it again. Personally, I don't see the fundamentals behind the sudden rise from a little under $5.00 to $40.00 and I believe or feel this stock will crash and settle back to where it was, but if it gets bought, lucky those who have long positions. Finally, there's nothing inconsistent about my statement. I AM SHORT THE STOCK (shouting), but I intend to cover and short again if the volume keeps decreasing. This is called speculation and that's what am doing. I am not long and will never be on any stock priced under $10.00 that suddenly rises to $40.00. If what he said comes true, he probably knows what those that ran it up to $40.00 Know and besides, I have learned a painful but valuable lesson from keeping an extended open short position on internet stocks or listening to "somewhat" reliable sources about stocks that are rumoured to be take over targets. These days, everyone you meet seems to have an opinion about either direction of internet stocks. Good luck on your long position and try not to read meanings into postings. ben Here's another one, the director of GA Tech economics research center just issued a sell signal on tech stocks. If things go as his charts indicate, we're heading for a major correction!. He has been right so far on past 4 predictions. Go figure