Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VSAT 39.66

-9.9%

Feb 4 3:59 PM EST

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To: mike.com who wrote (13569)	8/17/1999 9:52:00 PM
From: Stock Watcher	Read Replies (2) of 52051

mike; as always, good to hear from you; IATV is still on Favorite's INDEX even though it's taken a beating lately; this is one tough stock to trade; $24 a share was a lot more fun than where we are now, however, your point is well taken: buy at its lowest support level...which is probably $9; the president of IATV made a big mistake when he unloaded a ton of stock @ $10-13; no matter how much he needed the money, the timing was really bad considering the company was at a trade show. shareholders took his stock sale as a no-vote of confidence; even though he may have had legit reasons for selling, it seems as though it's been all downhill ever since. be this as it may, the stock is still a bargain @ $9 and should resume it's upward movement in the very near future; so the question remains, does an investor want to buy now at the bottom ? or else wait until the stock hits $24 again ? good point; thanx for the nudge...sw

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