BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR Message Board

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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR

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To: Tracy Moore who wrote (366)	2/19/1999 3:46:00 PM
From: Glenn Petersen	of 954

Tracy, the word, if not the truth, is out there. There are over 1,000 posts on the Yahoo thread. There is no way that this stock is going to hit $40. I ran some numbers several weeks ago and came up with a valuation somewhere in the $22 to $25 range. The stock price probably accurately factors in a discount associated with the possibility that the IPO may be deferred. I bought the stock several weeks ago at $13 1/2 and happily sold one week later at $18 3/8. I do wish that I had bought some at $13 this morning but I can assure you that I would be looking to get out at $17-19. JMHO.

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