Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Meteor Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Tommy Moore who wrote (864)	1/26/2000 6:11:00 AM
From: Tommy Moore	Respond to of 2127

Kaiser comments from new tracker If Stockwatch can summerize why can't I? Selected high octane paragraphs!!! "The Meteor breakout very likely represents investors familiar with the Thoughtshare story who have been sitting on the sidelines until Meteor gets financed or announces a deal that will give it a bigger stake in Thoughtshare, perhaps even 100%. The market action is symptomatic of panic buying by people expecting much bigger waves of buying by giant American capital pools." "All I know is that the story has very big implications, and that setbacks will, if anything, build new bases for even bigger rallies as the fundamentals gel into a product everybody can download and use." "The panic buying in the market is probably by people who understand the story and want to be on board with the equivalent of "seed stock" before Meteor gets halted for an IPO style financing, followed by a resumption of trading at much higher prices. How will the stock perform from here? Unless the stock gets halted for an announcement of a financing and a new Thoughtshare deal, I suspect the pattern may follow that of Linmor Inc (LIR-V: $2.40), which in early December announced that it had ported its network management system to the Linux operating system, and over the next five days rocketed from $0.40 to $4.20 on 22 million shares. Linmor, which has 32 million shares issued, did not finance during this rally, which made it unsustainable. Hopefully if Meteor ends up going this route it will also subsequently form a bottom and begin a renewed rally with all the pieces properly plugged into place. Alternatively, Meteor might behave like Sideware Systems Inc (SYD.U-V: $19), an e-commerce software provider that was trading at $2 in early December before it broke out in a rally that recently peaked at US $25.50. Sideware has about 50 million shares issued, giving it a market cap in excess of $1 billion. If the market wants to assign a much higher valuation to Thoughtshare that is more in line with today's Internet math than traditional yardsticks"