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Technology Stocks : Cheap Tickets, Inc. (CTIX)

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To: Jon K. who wrote (92)8/3/1999 11:53:00 PM
From: Electric  Read Replies (1) of 128
 
Jon,

When I made that statement it was before the news of the 5M shares the company was going to offer came out. That changes a few things. I do think it is ok for the company to get the $$$ by selling them, but that does add pressure and increase the float. I think without that announcment the stock does not get hammered.

IMO that announcment had the worst timing possible and was a catastrophe...

You got lucky.
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