Verity (VRTY) Message Board

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Technology Stocks : Verity (VRTY)

VRTY 2.400

0.0%

Dec 22 4:00 PM EST

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To: Munificent Gnome who wrote (86)	10/30/1996 11:37:00 PM
From: jibanez	of 1011

Well, I don't know about verity lately . I am not debating about verity's product. They do have the best products in their area. But lets review some things about the history of verity. When they IPO the stock almost immediately went through the roof and stay their for a while (the stock went up because of their product first and less because of profits),, then as news started to come out from microsoft and fulcrum( I called investors relations at verity and it appears that when fulcrum or microsoft comes out with some news, the verity stock goes down) along with disapointing earnings and as a result disapointing wall street analyst, the stock went down and down.This is even though verity has an even better product now. The stock went all the way to 10 dollars but when opeiheimer came out with a buy recommendation ( of course because opeihemeir brought verity public, so they have many stock holders vested into it). the stock whent to 13 dollars and I bought some around 14 dollars. It then very slowly but surly went up to 16 dollars and change and then it collapse to todays price around 11 dollars and change. For the stock to go to 11 dollars from a technical persperctive is not good. There is still a lot of concern about verity in walls street and even more about the prospect of verity being a profitable company and have a high growth rate. Verity should and perhaps we can brainstorm on this one and perhaps present the idea to verity, re-assure wallstreet about what is going on on the industry and where there are now and what role they are going to have. As you know walls street only buys expectations and future not present of past. So Verity has to (1) show a profit and (2) lead the industry and reassure wallstreet. Verity should show more leadership in walls street. If they do the stock can again go trough the roof. No doubt in my mind that now verity around 11 dollars is a great price to buy and to make a profit in the intermediate and long term and even maibe short term. But as we have seen lately, their has been a lot of institutions dumping verity, which is concerning. A am not certain what to do about my verity. So far I thing I may keep all my shares. Chat to you all later Jerome

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