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Non-Tech : Auric Goldfinger's Short List
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To: icecreambug who wrote (2382)6/21/1999 11:53:00 AM
From: Zeev Hed  Read Replies (1) of 19428
 
Dongsoo, I believe it will drop of its own weight as the volume starts to decline and a good portion of the 2.2 MM new shares find their way into the market. Later this year, once we see the next 10Q, I think that another leg down could be expected (the original $16 took into account that second leg), because all the new expenses incurred in the move will start and show in a new more "robbust" burn rate, and if the visibility of success of the technology is not evident by then (and I think it will be too early for that), then more selling pressure will ensue. A major "Maginot" line will be drawn in the sand by the recent private placements, I think this line is at about $14 or so, but I'll have too look this one up, since this is from memory.

Zeev
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