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Technology Stocks : Buy your Wine On-Line (GEER) GEERLINGS & WADE

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To: RocketMan who wrote (19)1/10/1999 8:58:00 PM
From: Matthew Cooper  Read Replies (1) of 24
 
Typically older (35+), affluent ($100K+) white men. But there are exceptions (myself included). I spotted this stock back in May (see the thread titled "GEER - the KTEL for enophiles") and loaded up on shares at 4 1/2 - 4 3/4. It all got dumped the other day with a stop at 11. Loved the ride, but I thought it would happen much sooner.

I personally think I will not buy back in until it goes back down to 6. The problem with this stock is they have a limited market. Most states will not allow the interstate shipment of wine (in some states, like Kentucky, it is a felony to ship it). What effect do you guys think this will have on the stock price? What is a responable price for the stock? 6? 5? 7?
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