Pacific Internet Next HOT IPO? Message Board

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Technology Stocks : Pacific Internet Next HOT IPO?

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To: Jack Hartmann who wrote (751)	8/2/1999 6:00:00 PM
From: Keith Lenart	Read Replies (1) of 912

Jack, I too had one helluva time finding anything other than cursory financial data on this sucker. Although I have to admit that I'm currently interested in PCNTF as a short-term technical play. --PCNTF has broken down through June support levels. --Several Internet stocks are starting to get hammered, including the "big" names AMZN and EBAY. I believe a major shift in sentiment is underway. --There is one more plateau that the stock may rebound off of and that is the 33-35 high range of February and March. If it falls below 33 we could easily see low to mid 20's this week IMHO. --The IPO lockup expiration this week (offically tomorrow per Edgar Online) should put downward pressure on the stock as insiders dump shares to lock in tremendous profits. By my judgement, these four factors combined make this a very attractive risk/reward short sell opportunity. Full Disclosure: I am short this stock.

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