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Strategies & Market Trends : Frog Investing on SI - No Pennies/BB's Please

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To: J.S. who wrote (69)2/9/1999 11:01:00 AM
From: Patricia Meaney  Read Replies (1) of 155
 
I have gotten burned before.

Who hasn't?!

BIGC - got into this at the opening under 2
They are a bagel business who agreed to merge with VillageNet and Intelligent Computer Sol. It's kinda like buying an ipo. A private company merges with an already public company - then they become public by the merge. I don't know too much about this so called "reverse merger" but it apparently cuts out a lot of red tape that is involved in going public. Anyone else out there who knows more regarding this subject please add or correct me if I am wrong. Anyhow check the volume and the float. I will not make any guess as to where it will go - hopefully to 5 but I might bail out before.
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