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Microcap & Penny Stocks : IATV - ACTV Interactive Television
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To: art slott who wrote (4503)3/1/1999 2:18:00 PM
From: learnstocks   of 4748
 
Art, Re your #4503, I agree that rereading the analyst's (Michael Shronstrom) report was very informative. I somewhat disagree with his statement that, " The pullback in the price of ACTV's stock appears to be reflective of the limited nature of Liberty's investment, a still uncertain rollout timetable and a possible lack of understanding regarding the magnitude of the 'other applications."

I believe that the pullback was more reflective of the overall bias of the larger investors toward large-cap issues. This drove small-cap stock weakness during 1998 and even up until now. This morning Mr. Awad, head of Awad Asset Management, on CNBC said the same thing. He also gave as support a chart showing that TROW New Horizons fund compared to the S&P 500 showed the underperformance of the small-cap issues.

I believe Mr. Shronstrom is correct that the rollout timetable is still not clear. But that does not intimidate me in the least in buying into IATV. As to his statement that there is a possible lack of understanding regarding "other applications", I would agree but also think that this is quite expected since this technology is in its inception of rollout. I take this to be a positive, not a negative, especially if an investor is looking to buy the next MSFT at the front end and not when it is mature.

What is your read of what I have said?
Vic
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