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Technology Stocks : InterVU (ITVU)
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To: john douglas who wrote (57)3/12/1998 3:37:00 PM
From: Kerry Lee  Read Replies (1) of 1015
 
My advice is to look at the trading pattern on BVSN in the past month and don't be surprised if ITVU takes a breather ( 1-3 point dip ), thereby shaking out weak hands who are on margin and have tight stop losses set. People who buy in at 14-15 will freak out and bail quickly creating buying opportunity. The MM's love to capitalize on this . Again look at BVSN and SEEK for examples of this volatility pattern. I also saw this on NSPK last year as it took a breather after the run-up from 8 to 14..settled back to 11-12, then in a matter of weeks was trading in mid 20's. NSPK at the time had quarterly revenue of only $2 million.
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