IATV-ACTV Digital Convergence Software-HyperTV Message Board

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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV

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To: ed doell who wrote (2166)	4/17/1999 12:41:00 PM
From: Ron Harvey	Read Replies (1) of 13157

I think that Thursday's big air pocket and Friday's catapult act say, after a few prior drops and bounces, that IATV has a helluva lot of resilience within a framework of volatility. The effect, I think, should be to strengthen potentially weak hands, because with any forthcoming downdrafts there should be a lot more confidence that the stock will assert its usual character and zoom right back. So many things are now happening with broadband interconnectivity that newsworthy events are being cranked out on a regular basis. If the stock goes down, it's a good bet now that an encouraging announcement will snap it back up. . . and soon. (Moreover, I'd guess that instead of a lot of scared folks selling into a drop, they'll smell opportunity and buy, in effect limiting the downside either in time or degree.) These are trading observations that won't be lost on players or investors. Combined with the drama of the story and the company fundamentals, it looks to me like there's a better shot at a streak of higher highs coming up than a settling into consolidation.

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