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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?

To: art slott who wrote (5126)	6/21/1999 5:17:00 PM
From: SCOTT HEIMAN	Respond to of 13157

To All: I thought a re-post of my comments might help here. If your long stay with it and try to add to positions. If your a newcomer, take advantage of the confusion and establish positions. To: mike.com (4906 ) From: SCOTT HEIMAN Tuesday, Jun 15 1999 8:27PM ET Reply # of 5127 To all: Come guys, your over thinking this thing! 1) MM's are not playing games with this stock. 95% of the MM's in this stock go home at the end of the day flat: not long, not short. All they do is execute customer's orders. Do you really think the junior traders assigned to this stock have the power to risk firm capital being significantly long or short this company? No way!! 2) It is still a very illiquid stock. A motivated seller of 50-100k shares could easily create this type of move and then it simply feeds on itself until sanity returns. It was just as insane on that upside spike to 25. Here's the logic: Upside: "Hey I'm buying IATV!" "Why?" "Cause it's going up!!" Downside: "I'm selling IATV." "Why?" "Cause it's going down!" Neither makes any sense. 3) Samuel's selling. Yes, this was about as piss poor a move as you could have, timing wise. But how many of you have 90% of your net worth in this company? And in some respects, he did us a favor. (1)He sold when there were ready buyers so as not to depress the price. (2)He sold prior to a buy recommendation to avoid any appearance of self-dealing. If he sold after the buy reco would any of you been any happier? (3)The tax issue is at least partly legit. He received taxable compensation in the form of stock, how else is he going to pay Uncle Sam? and (4) He's entitled. The market cap is up 800%+. He hasn't exactly done a lousy job of running the business. 4) Have a drink, hug your wife and kids, and relax!! Stocks go up, stocks go down. Remember why you bought it in the first place. Longer and Stronger, Scott