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Microcap & Penny Stocks : FNet=Internatl Voice/Fax/Data&Video Services ViaInternet

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To: Bruce Hoyt who wrote (260)	5/23/1998 11:35:00 AM
From: Stephen B. Temple	Read Replies (1) of 609

Bruce and all: As the market stalls and IPO percentage gains drop, I look for FNet Underwriters to watch the market closely. Feb 98? Mr. Fitzgibbon offered us these statistics to illustrate his point: As of April 24, 33.4 percent of all IPOs to hit the market this year were on the plus side, with 4.8 winners to every loser. As of Monday, May 18, those numbers had fallen to 22.4 percent on the plus side, with 2.7 winners per loser. "The aftermarket performance is definitely melting," concluded Mr. Fitzgibbon. "The fish are biting but it's not a shark feeding frenzy anymore." redherring.com Underwriters, Investors, Oversea's Contracts, Revenue's and possible positive earnings before the> In that order before the IPO Temp'

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