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Technology Stocks : EGLO Executive Telecard

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To: Lutz Moeller who wrote (215)1/13/2000 12:46:00 PM
From: rrufff  Read Replies (2) of 300
 
Buying in on momentum is always a big risk and to be avoided in almost all cases. I'd say listening to posters who don't back up what they have to say could be a close second. The previous 2 posters are shorts who follow their guru. They usually have no factual background on the company.

KEY: do your own research.

However, since you asked, I will try to give some balance.

EGLO -- has been a major turnaround play. It is on the verge of what might be called "success." The CEO Vizas has an incredible record and seems to be doing everything he has set out to do. Either see the letters to shareholders that are online or call the company.

The goal of EGLO is to become a company on the cutting edge of internet telephony. They have a firm base of operations in support for the business traveler and a very valuable network.

As far as the number of shares and float -- while it is true that there are convertible preferreds and warrants out there, the overall float is small. The venture people have stuck with Vizas and I don't think they will abandon him for a couple of bucks.

These guys were saying the same thing when the stock was $2 and less.

Again -- do your own research (dd = due diligence) and good luck with your future investments.
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