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Microcap & Penny Stocks : IAPI - TV Terminator

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To: David Bleich who wrote (27)9/17/1996 2:39:00 PM
From: John Fairbanks   of 97
 
Agreed. The bid/ask spread is ridiculous... you can get in but it
will cost you an arm or two to get back out...

I also agree that the price might be a bit high, but I'm sure they've
done the market research to know what people will buy it at. With
things like this, you are selling the novelty of it... In other
words you are not really selling someone a TV Terminator that does
such and such, you are REALLY selling someone the opportunity to
give a unique gift. The actual usability to the end user is just
icing on the cake... ever see those toilet banks that make a flushing
sound? or any number of other dumb gag gifts?

Maybe I'm crazy to buy this stock with the way the spread is, but I
did it gladly because I believe this world is full of suckers who
will pay 49.95 for the chance to feel special when person X opens their gift. In fact, if the gift really fit someone I was
planning to buy a gift for (like a football fan) I'd probably do it
myself!

In fact, I just bought another 550 shares ;-) Happy investing!

-John
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