Pacific Internet Next HOT IPO? Message Board

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Technology Stocks : Pacific Internet Next HOT IPO?

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To: Herc who wrote (426)	3/31/1999 7:38:00 PM
From: BomboochaBoy	Read Replies (1) of 912

I don't know whether to put in a stop/limit buy above today's close or a stop buy at 52. The odds favor a little pullback with profit taking. Ho, ho, ho wait a minute here! PacNet breaks out of congestion with strong volume (1.7 mm vs. 250,000 yesterday) on news of a possible partnership. What makes you think the partnership won't be announced real soon? You're willing to take a chance on missing another runup the way I just did? Yoikes. I agree there could be a pullback. So what? Wait it out. Don't you think PacNet's potential -- with this tiny float of 2.5 mm -- would serve you well if you just hold the shares for 12 months? Shave off the cap gains tax? Forget the strain of searching for your next short-term winner? I guess what I'm saying is, if I were you, I'd be sitting pretty. As for my old entry point of 44 7/8, that's history barring another short-term bear market.

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