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Technology Stocks : First Virtual Holdings (FVHI): Internet bottom fishing?

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To: Dr. Frank Antwerpes who wrote (38)6/30/1998 10:26:00 PM
From: Jonathan Brown  Read Replies (1) of 87
 
Frank, I'm sidelined for now. I'm pleased with the bottom fishing expedition, though amused. As noted, a majority holding of FVHI was sold for $0.60, which naturally caused the stock to go to--$3.12! So far FVHI is an echt Net stock: not only no earnings and no profit but no product to boot! Am I mistaken, or has the company logged a contract for its email-ecommerce solution? Last I heard, which admittedly was a month or so ago, it had not. These are interesting times--but I guess that's the oldest saying there is.

Best of luck to all,

Fisherman Jon
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