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Technology Stocks : I-Link Inc (ILNK), VoIP Telephony
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To: Steve Smith who wrote (203)3/8/1998 11:29:00 PM
From: Ron Kline  Read Replies (1) of 417
 
To answer your question, yes Ilink moves very much on expected news. I would say though that the enthusiasm is not as bullish as when they were just formed. Look at the past chart, the tops have been a little lower everytime. I bought I link the first time and their meeting pushed the stock even higher after the meeting ( out about $13). This last time was much different. It moved up past 10, and the monday after the meeting the stock dropped about 2 points and never really went up afterwards. So the person who sold before the meeting made out (i didn't do that). It's really a guessing game as to what they announce that will cause follow through. Best bet is to sell before the meeting if it's over $10. Another thing to think about is the market. Last year was great for speculative stocks like I-link. I feel this year is not as kind to these issues even though I-Link is internet related in some ways.
I would like to see volume come in again tomorrow because if you look back there are many failures that have happened once it gets to the $7 range. I kind of doubt it will happen though because volume on Friday was very large, and we all know the meeting is coming up. Bottom line is you need to decide what to do, I have no crystal ball. I do know that I've done well in the past buying below $7 (done it 3 times), and I'm now in for a 4th time. I've always been nimble and not held the issue very long. I figure I've made more money with Ilink stock than I could ever make being an independent rep.
Ron
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