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Technology Stocks : Log On America, Inc. LOAX
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To: Glenn Petersen who wrote (17)4/18/1999 11:17:00 PM
From: jctech  Read Replies (3) of 353
 
This IPO offering is total crap. If this POS stock moonshots at the opening, it will mark the end of the "Internet IPO bubble" IMHO. What it will show is the rampant speculation in any issue even remotely associated with the Internet. Yes, you can correctly name this a "Net Stock", but lets look at this company:

- 9(!) full time employees.
- Only 750K in revenues last year
- Stock may list on the OTC "pink sheets"
- Unknown underwriter

This is not an investment! This company isn't even close to a point in their development when they should go public! You know a good thing is ready to end when stuff like this tries to get a piece of the pie.

I smell tulips (once again!)

If you're itching to buy an IPO this week, there are better companies going out this week. Real companies.
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