Medsite no longer appears in "IPO express"...
I hope that I'm wrong, but I sold some of my position today due to margin fears. I'm still very long, but now I won't receive any nasty phonecalls no matter where iTech's price goes.
My main concern is that it appears (to me) that Medsite may have decided to delay their IPO. I'm basing this on the fact that they used to appear on the "IPO Express Calendar" each day as the first IPO under the heading "WEEK OF 4/10/2000". It has appeared every day since February 29th.
However, yesterday and today (March 20, 21) it no longer appears.
biz.yahoo.com
biz.yahoo.com
biz.yahoo.com
etc. (simply change the 000317 to the date you'd like)
I called Jim Graham this morning and he was in touch with the Argentum group. They hadn't heard anything with regards to the IPO being delayed. However, back before the IPO was announced, Jim mentioned that they weren't privy to any additional information that we were not, ie. Jim found out about the IPO when Medsite announced it, same as us.
If it turns out that the Medsite IPO is delayed, then I believe we will see a significant buying opportunity as the traders who simply bought in for the 3 week run to the IPO move out for the time being. Believe me, if this happens I'm going to be a buyer.
Either way I believe long term iTech is a sound investment and have every confidence in it. (As an aside, falling in love with a stock has always been my downfall.)
Cheers,
Rob
PS. I always try to share any info that I find, positive or negative with the boards. I try to be objective and post facts and clearly state when something is "my opinion". |
