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Technology Stocks : DRIV (DIGITAL RIVER). Get in on internet IPO.

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To: Peter Caradonna who wrote (211)10/29/1998 8:04:00 AM
From: Kevin McKenzie  Read Replies (2) of 3198
 
Anyone have a wild guess at what's up?

Same as yours. I think some speculators are moving to the "second-tier" internet stocks, such as DRIV and DCLK on the heals of the huge run-up in EBAY, and AOL's good run.

DRIV is one of those internet stocks that has a half-way "reasonable" price-to-revenue ratio of around 14.

Also, there had to be some momentum/panic buying with people not wanting to be left behind.

Kevin
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