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Technology Stocks : Interliant, Inc. (INIT) -- Ignore unavailable to you. Want to Upgrade?

To: Steve Yuan who wrote (618)	8/4/1999 9:12:00 PM
From: Mark The Trader	Read Replies (1) \| Respond to of 1214

In this environment it does not matter how many buy rec's you get , the sector is out of favor. But that can turn quickly. Same shit happened in May through June when the sector for a lot of new IPO's were out of favor , buy rec's especially by the underwriters are meaningless. Your probably going to have another rough day tomorrow, then Friday's employment numbers, if they are no big deal these stocks will rally, but don't look for it to run back to $ 20. To many people, especially people who have not ever seen a tough market because they are new to the market have been burned. You also have margin calls happening now , that should clear up in a week or so . If you get bad employment numbers that show inflation then you will get more panic selling probably followed by bottom fishing. For everyone who loved it @ $ 20 and considered it a Long term play , average down on the next major dip and hold it . Mark