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On May 7th 1997 HCOM starts public trading on the Nasdaq Exchange after it's IPO at $6.00 a share. On Jan 2nd 1998 HCOM hits a High of $16 a share.
Having Survived and Gained stock price value during weeks and months of Rough market conditions, HCOM, just 10 days after hitting it's High of $16.00, comes Crashing down to 7 11/16, lossing 43% of it's value in a single day!
No News to account for the Huge Drop.
Invester Relations at HCOM says they are as purplexed as anyone.
What is the reason for the huge Drop in a single day? and
Can we Profit from the Large Slamming in price, much as some of us did with GMTC last week? ( GMTC 25% Gain in the 3 days following it's apx. 60% Drop in a single day )
Lets try to find out!
Long or Short, there is a nice profit to be made here in the Short Term. ( Long Term, we will worry about once we get past the current Short Term potiential )
From HCOM WebSite:
homecom.com **( WEBSITE IS A MUST SEE!! )**
homecom.com $$( HCOM Invester Relations )$$
HomeCom Communications (NASDAQ, HCOM), founded in the fall of 1994 is a leader in Internet technology and development.
Harvey Sax and Nat Stricklen were the original founders of the Company. Today, HomeCom has grown to more than 45 full-time employees with offices in Atlanta, New York, Washington, D.C. and San Francisco. HomeCom has complete development and Internet access facilities. We
employ full time multimedia artists, Ph.Ds., developers, and network engineers.HomeCom Communications is a full-service Internet software solutions provider of innovative, highly secure,Web-based
applications. We harness the power of I-Net technologies (Internet/intranets/extranets) and deliver comprehensive services providing strategic design, analysis, and implementation. Our custom-designed solutions focus on leveraging the power of I-Net
technologies to provide distinct competitive advantages to businesses.
HomeCom has been developing complex Weblications utilizing I-Net technologies (Internet, intranet, extranet) since 1994. We have aggressively pursued the top technical talent available, allowing us to deliver innovative solutions quickly and effectively. HomeCom has
comprehensive industry expertise, and we are leaders in the financial, insurance, and real estate industries, as these were the earliest adopters of I-Net technologies.
Partners:
UNISYS, Netscape, Sybase, Microsoft, AT&T, Oracle,Checkpoint, Internet Security Systems, Raptor,
ANS Communications,Integralis,Abirnet, Seattle Software Labs,
Optimal Networks, PsiNet, National Computer Security Association,
Command System
Time to play Detective!
Yahoo Message Forum:
messages.yahoo.com
HomeCom's Website is loaded with Information!! MUST SEE!!
homecom.com
Good Luck to all, and off to the race's we go!
( All normal disclaimers apply ) |
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