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Technology Stocks : ITURF Inc. ( NASDAQ:TURF )
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To: Mr. Generic who wrote (484)8/9/1999 10:27:00 PM
From: Big Dog   of 614
 
I don't know about any manipulation, but iTurf hit the market right (putting $81 million in the bank) and then the tide turned for the entire internet sector. But with regard to iTurf's stock performance: First, it was Delia*s (i.e., iTurf's majority shareholder) future earnings projections for itself soon after the iTurf IPO, that stalled iTurf's momentum. Then, it was the overall downturn in Net stocks that knocked iTurf down significantly. Around June 3rd, it was Barron's negative article on Amazon.com that took the focus away from iTurf's impressive 1st Quarter's earnings report. Several weeks later, interest fears hurt iTurf along with the other internets. And, now there is a split of opinion as to whether it is Fed Chair Greenspan (and the continued fear of rising interest rates) or the plethora of new IPOs that is keeping iTurf and the other internets down.
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