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Technology Stocks : WorldGate Communications, Inc. (WGAT)
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To: Benny Baga who wrote (398)3/20/2000 8:55:00 AM
From: ED PLOPA  Read Replies (1) of 589
 
so...benny, since you seem to be the most active on this thread....in your opinion, what caused "this is the ONE" stock drop from its 52 week hi by over 50%.

I read the Hampton-Porter recommendation (my first exposure to this stock) and immediately became interested in acquiring a position of about 1k to 2k, but I decided to see what the SI experts had to say first. However, I find nothing that discusses reasons or possible reasons for this stock's decline.

I don't need instant gratification, where a stock has to go up 50% the first month I buy it, or its trash. In fact, I like the kind that treads water for a while so that I can get comfortable enough to add to my position and tell my "disciples" about it.

BTW, Yahoo research shows this stock to be a 1.14 on the buy/sell scale. With 1 being a strong buy and 5 being a strong sell. 7 analysts are following.

I'm stoked about this stock but again would like some type of explanation as to its recent decline.

Ed Plopa
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