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Non-Tech : Wit Capital - The way of the future? -- Ignore unavailable to you. Want to Upgrade?

To: WAKJr. who wrote (5763)	6/28/1999 7:36:00 PM
From: Scott Kessler	Read Replies (1) \| Respond to of 16809

I'm posting responses on the WITC board, but I just mentioned that I'm skeptical about the quick stock price rise. Nonetheless, w/o even garnering analyst coverage, striking significant alliances (other than Goldman and CMGI, which are just the tip of the iceberg -- see, EGRP), and building a brand, the stock's done very well. There are lot of near-term catalysts, including a rumored deal w/ a portal co., the roll out of the digital trading floor, more CMGI IPOs (co. seems to be close to buying AltaVista, has NaviSite, Raging Bull, furniture.com, etc. in the wings)... Evaluating this kind of stock w/ valuation methods is a waste of time. Look at the catalysts, investor sentiment, and float...