PRFM did me right, but I should have bailed the other day, which my gut said, instead of buying more at 12.75. I have now surrendered, unloading my 800 at 7.1875. Still made a few bucks overall on my earlier purchases, so many thanks to Rande.
Does anyone have an opinion on TNO? This is another DBCC/MKTW-type situation, and will be the majority owner of the Internet advertising firm Modem Media Poppe Tyson.
From a recent Reuters article on upcoming IPOs:
"....Modem Media Poppe Tyson is expected to open with the largest premium after its IPO because it is, most importantly, an Internet offering.
The Westport, Conn.-based company provides digital interactive marketing solutions, such as website design, electronic business implementation and interactive advertising. It is offering 2.6 million shares in an expected range of $11 to $13 through lead underwriter BancBoston.
The company is owned by True North <TNO.N>, which holds 85 percent of the firm. Modem Media should benefit from client referrals from True North, the sixth largest advertising firm in the country.
"It is a 100 percent Internet company. It's a competitive field and the barriers to entry are not high, but it is a really hot area," Fleming said.
Jupiter Communications expects total online ad revenue to reach $5 billion by 2000.
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I'm in for 400 today at 30.5, and desperately need a winner.
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