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Technology Stocks : WorldGate Communications, Inc. (WGAT)
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To: the Druid who wrote (146)5/11/1999 1:03:00 PM
From: John F Beule  Read Replies (1) of 589
 
We will have to see how these strong recommendations hold out. Right now, and for the next 3-6 months, this stock is going to be a fav of the momentum crew, both upside and downside.
The sad thing is, with private companies wanting to go public, is they only have two choices: go with a "name" underwriter with popular analysts and pay a high fee to go public; or go with a lesser known, pay less fees (which benefits the company), but have your company's stock subject to rogue analysts that have ulterior motives. I'd like to ask each analyst what makes their price points stick? Is it company fundementals? Or is it that they have institutions and hedge-funds that they are appeasing at the sake of a stable and fluid market. I'd bet the latter.
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