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Microcap & Penny Stocks : IATV - ACTV Interactive Television
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To: art slott who wrote (4471)2/23/1999 11:40:00 AM
From: Ron Harvey  Read Replies (2) of 4748
 
<<I'll play it safe and say $20 by Fall. But I'm not as knowledgable as page 123.>>

You have no idea (nor do I) where the self-interest of this anonymous poster lies. He could well be a stock-market professional who's touted this stock to customers and now wants to gull less experienced internet investors with hyperbolic sugarplum dreams into expecting outrageously high gains so he and his own people will have buyers to sell to. This isn't uncommon. I'd count him as knowledgeable only if he's made five or six public forecasts like this with other small caps and he's been right more than half the time. (Bet you that when his forecast fails, like end-of-the-worlders who take to caves, he just moves his date up. And not too modestly.)
Finally, no prediction about any stock is "safe." If you read enough small-stock message boards you'd see more confident forecasts shot down than German bombers during the Battle of Britain. Better, I think, than plucking predictions from one's imagination is to assess the risk/reward ratio based on what makes stocks move. With IATV (and at the current price) I think the reward is more promising than the threat of loss. And the current trading looks excellent. But I've been trading stocks for too long to suppose that my guess at an unknown future price has more or less worth than anyone else's. (However, if a functioning crystal ball showed this stock to be trading at 8 1/4 by Xmas, a profit of over 100K would make me a happy camper. And should it be higher, well, great, I'll take the gravy, too.)
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