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Technology Stocks : DRIV (DIGITAL RIVER). Get in on internet IPO. -- Ignore unavailable to you. Want to Upgrade?


To: Big Al who wrote (2924)4/7/2000 10:34:00 AM
From: M. Frank Greiffenstein  Read Replies (2) | Respond to of 3198
 
Demystfying DRIV price action...

DRIV's recent price action is no mystery to me.

(1) DRIV collapsed with the rest of the high tech market.
(2) Investors are becoming skeptical of Internet companies revenue recognition models. They are especially leery of b-2-c companies that re-sell other people's goods but book full revenue. Now, reasonable people can disagree about whether DRIV should book only its fees as revenue. But look at all the damage done to companies like PCLN with similar revenue recognition models.
(3) Traders looked at DRIV charts and swopped in when it hit $17. They sold into the next day's rally, stock went back to $17. This is a common pattern after major sell offs.
(4) Skittish buyers are now starting to nibble at DRIV, slowly inching stock up.

I say DRIV is becoming the premier b-2-b and b-2-c electronic software distributor. We just have to be patient.

DocStone



To: Big Al who wrote (2924)4/7/2000 8:26:00 PM
From: uthabros  Respond to of 3198
 
Al, I have posted before that I owned stock here since the begining getting in at $13. I held and bought more a couple mos ago when it dipped. I sold my position last mo. because after holding so long and watching it move sideways for so long and move back and forth in a trading range that I was not savy enough to participate in that I just couldn't hold and not sell when it reached $38 a few weeks ago. They say don't fall in love with a stock. But I really like this company and where it is headed and tied up good money for too long when I could have been making money elsewhere while this floundered. Right now I have no cash available to buy it back at this great level(And, trust me it's killing me not to be able to buy back now)And reading the post of holders sounding like they were getting bummed. I just thought I would post some facts about the way this stock moves. Give some comfort for those who were wondering what to do.Thats all Big Al. I'm not the enemy here. Listen to Doc, he even knows this stock better than me. Someday soon this will be a great stock to have. I believe it. Peace