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Microcap & Penny Stocks : WCTI (Wordcruncher Internet) Search Engine of the future.

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To: MilesM who wrote (2777)2/5/1999 4:27:00 PM
From: Mark S.  Read Replies (4) of 5300
 
If your trading this stock on its fundamental value, I don't see any. If your trading this stock for its technical indicators, remember BB stocks are speculative in nature (not a blue chip etc). I don't feel comfortable judging this stock on its support levels. Remember this stock is worth only what your willing to pay for it (period). This whole internet stock valuation is way up in the air. For instance take the 11,000,000 shares outstanding, street value of shareholder equity - $297,000,000. Thats a big number by anyones valuation. Who can guess what the revenues will be. The light at the end of the tunnel supporting - 0 revenues. Wall Street will someday revalue these internet stocks with reasonable P/E valuations. If you doubt me thats OK your entitled to your opinion, however I invite you to go to your local bookstore at research history and see what the radio did to Wall Street, and in the late 1800's the impact the telephone had....
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