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Technology Stocks : FreeMarkets Inc-(FMKT) -- Ignore unavailable to you. Want to Upgrade?


To: Tom Hua who wrote (237)1/20/2000 4:18:00 PM
From: Steve Antonelli  Read Replies (1) | Respond to of 414
 
>>> Steve, the lawsuits cover shareholders who bought from ipo date up till Jan 4th. People who were hurt by management's concealing of critical and material information . As a result they lost a lot of money. <<<

You know Tom, one thing you seem to be implying is that FMKT is already guilty. Last I heard, the way it works is innocent until proven guilty. As a shareholder since IPO day, I don't view my holdings as losing money. I have not sold one share, so what have I lost? My paper holding has taken a bit of a correction, but I don't view it as "losing money". Long term holders, whether they bought at $48 or $348 will not lose money, if ...

1. they continue to hold
2. the company executes it's business plan

Even if FMKT loses this suit, it may only have a temporary effect. Personally, I have not lost any confidence in the company as a result of all this.




To: Tom Hua who wrote (237)1/20/2000 9:02:00 PM
From: Larry Zenith  Read Replies (1) | Respond to of 414
 
All these lawsuits can only generate some noise, and that is it.

Look at LGTO today.
1) Milberg Weiss Files Class Action Suit Against Legato ..
biz.yahoo.com

2) Shepherd & Geller, LLC Announces Class Action Lawsuit Against Legato Systems, Inc
biz.yahoo.com

More to come, of course.

These guys are doing it for a living. Just like flies smell some blood, they keep trying, hope to strike it rich. Most cases, they are going nowhere.

I bought into Ascend two years or so ago at high 50s, saw it drop to low 20s. I saw same kind of company press release, contacted many of them. What happened?, yes, you guessed it right, absolutely nothing.

The same thing happened to Citrix, current high flier. CTXS dropped from 36 to low teens when MSFT said it would provide some thin-client stuff itself.

The examples are on and on.

When share price gets back to where it used to be, all these lawsuits are automatically gone.

I noticed you were short RBAK some time back. Good, just disclose your position ( I would assume short ), try your best to scare the weak hands.

Larry, Long FMKT since day 1 bought at open market @260.