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Technology Stocks : FreeMarkets Inc-(FMKT)
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To: Tom Hua who wrote (235)1/20/2000 4:02:00 PM
From: Steve Antonelli  Read Replies (1) of 414
 

>>>> Ron, that's not the point of the lawsuits. FMKT allegedly knew about the GM/CMRC deal and GM's intention to cancel before it went public. The information was not disclosed in the prospectus and to investors until Jan 4. If it's true, they're in deep doo-doo.

A lot of people paid over $300 for FMKT. Do you think they would if management had disclosed the information? <<<

But Tom, obviously FMKT present and future shareholders seem to be concluding that the GM news is a non-issue. The momentum has shifted in the last 2 days. Shorts can get burned very badly when they go against internet stocks. It's happened over and over again the last 2 years.

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