Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Log On America, Inc. LOAX -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (163)	6/2/1999 1:43:00 PM
From: ISP_Investor	Read Replies (1) \| Respond to of 353

I liked your chart on valuation. Very simple and to the point. I don't think many days will drop as fast as LOAX did today, but I would expect a 1/2 point drop each day until the other investors are released from the lockup. On the short-term side- It's getting tougher to get permission to short the stock now, but the good news is that a lot of the pent up demand from the guys shorting at 25-30 was released when the stock dropped to 16. I think the reason it hasn't dropped further than it's current price is the fact that a lot of the buying has been short covering. There is zero institutional ownership other than the guys who got in on the private market at $1 per share and most of those guys used partnerships to disguise who the real owners were.