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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV

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To: American Spirit who wrote (5583)7/21/1999 3:32:00 AM
From: StaggerLee  Read Replies (1) of 13157
 
>>Anyone would be a fool to sell anywhere near this level. IMHO<<

Or, perhaps, to buy. There are still no revenues here to speak of. You're banking on huge revenues from a technology that nobody seems to be killing themselves to launch. Presumably the shelf life is dwindling every day. On Friday the third quarter will be 25% completed and STILL there's no definitive word of a launch. Cheerleaders say "it's out of our control" as if that should make you feel good about your investment.

Yeah, there's a chance this one could be a big winner. But it's a bit harsh to call someone "a fool" for looking at this one objectively. This looks like an extremely risky stock which gets riskier every day that nothing happens. And from what I can see, nothing has happened here for a long time.

I'll wait until it breaks $20 before I get excited about ACTV again. Way too much downside here to ride it out, if you ask me. You could make a good argument for ACTV at $4 if nothing happens before the end of 1999. That would be 100 times revenues, primarily from the amazing e-school, right? I don't think the market will forgive them this time if they miss their "promised" third quarter launch timetable. In fact, if nothing happens by the end of August, I might short this one, which is hard to believe since I was WAY long ACTV just a few months ago.

Tick, tick, tick.
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