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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (17996)	7/24/1999 3:09:00 PM
From: Canuck Dave	Read Replies (1) \| Respond to of 56535

Max: VRSA. You see how much money they lost last year? And the resources of their competition? I'm of the opinion that there are a lot of recent IPO's that are not going to make it. Add to that my other opinion that we are probably entering an economic slowdown and a bear market and I think that a lot of these IPO's will be selling for a fraction of their IPO prices in another year. The market has saturated during good times and let the shakeout begin. Who knows if VRSA will be one of the 20-30% who are left standing. Sorry to be such a downer. Maybe I'll be proved wrong. CD