To all:
Folks, here is an interesting post from the SI boards in another folder. I thought you might be interested in reading it.
To: Gerald Underwood (1202 )
From: Lance Joseph Lewis Aug 7 1997 7:27PM EST
Reply #1219 of 1221
True, I haven't been posting very much. I just recently sold several
bank stocks that I've been holding for years, and I've been looking for
something to buy. During my search, a friend in school recomended this
little puppy, but really had no reason why to buy it. He just said,"It's
going to catch on fire." So I started following it. I received an
investor package from the company, etc. Then, I found this little
thread. Haven't posted till now. Of course, I wish I had never said
anything at this point. I just wanted to voice my concerns on what looks
like a hyped up stock that will eventually crater in disaster. Mgt did
not cause this, but rather everyone who has ever called a friend and
said "hey I got a hot Y2000 stock for you!" There's also the big players
that got this ball rolling in the first place, which appear to be
exiting as evidenced by the large blocks sold at the end of the last few
days.
Look, call me daddy, call me whatever, but the fact remains that the
word is out on this little puppy. If I've got 21 yr olds and 22 yr olds
telling me about this "hot one", you can bet that most people that would
be willing to buy this stock, know aboout and are either in or out. At
that point, there are no more buyers and disaster ensues.
Then the lawsuits will start coming, but there's nobody to sue cause the
company didn't cause this, you did. However, not that I'm proud of it,
the lawyers will reap the legal fees unfortunately from honest working
people like yourselves. Enjoy your ride while it lasts. |
