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Technology Stocks : Information Architects (IARC): E-Commerce & EIP
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To: sibe who wrote (6018)5/1/1998 8:55:00 AM
From: John Melillo  Read Replies (3) of 10786
 
Well, I sold my entire position yesterday after 5 long years. I made a lot of cash off of this stock since I owned it at a price much lower than what Techmaster paid for it. I have been there since the inception of Alydaar. I still believe the company may perform well, but the risk is a little great for my taste. It simply comes down to this....Alydaar MUST get the stock price to $40 if they are going to be able to do any sort of meaning aquisition. Without strategic aquisitions, there is no life after 2000! So we have the classic "chicken or egg" scenario. The street won't invest in a company with such a short life span and the company can't increase their long term prospects without sponsorship. I think the earnings of $.09 is great growth. I just think it is 3 qtr's too late. If this growth occurred in the 3rd qtr of 1997 (when it was forecasted)the company would have exploded. Even if they do $1.50 earnings this year, the street may not reward it. It's too close to 2000. I also think that most of you long term investors should stop wishing for analyst coverage. If you look at the business model, you will see that although it is viable, it depends too much on the stock price. I don't think Alydaar would receive a "buy" rating! Good luck too all. Of course, I'll be lurking around just in case it starts too move.....

John Melillo
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