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Technology Stocks : MPPP - MP3.com
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To: Jay Rommel who wrote (294)7/21/1999 5:32:00 PM
From: hoffy  Read Replies (2) of 1116
 
What a bust. Now the investors who bought this pig today are either stuck with a loser that will continue down or they sell for a huge loss and take it as a learning experience. Why anyone would pay 90 or 100 for this stock is beyond me. What did they have, maybe a million dollars in sales the last quarter. SO for a company that has revs under 10 million for the year they get a market cap near a billion dollars. What a joke. And in a year MP3 technology might be a thing of the past anyway. I think this is going to the 40's real fast. That's where it should have been anyway if it wasn't hyped for the past month more than any other IPO out there.
I wish I could have shorted this pig. It was such easy money at 100.
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