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Technology Stocks : DRKOOP.Com,Inc - (Nasdaq - KOOP)

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To: Anthony@Pacific who wrote (232)6/15/1999 11:22:00 AM
From: Wheats  Read Replies (2) of 595
 
While I am neither long nor short, I happen to agree with you that KOOP is grossly overvalued. I was fascinated with this IPO last week -- that the momentum traders took this thing up so high with essentially no fundamentals. Let's get real; we are talking about a web site here that generated some $40k in revenue last year with a $9M loss. Anyway, looks like someone yelled "FIRE", and everyone exited at the same time. Fascinating, isn't it? RTQ 11 down another 1 3/8 while the while the DJ Internet Index is up 4.5%. I knew this would happen, I just didn't think it would happen so quickly.
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