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.

Technology Stocks : InterVU (ITVU) -- Ignore unavailable to you. Want to Upgrade?

To: Peter R Smith who wrote (49)	3/12/1998 3:09:00 AM
From: Kerry Lee	Respond to of 1015

ITVU mentioned in Thursday March 12 Investors Business Daily: <<A number of high-flying Internet stocks pulled back a bit. YAHOO lost 3 1/4 to 84 1/4, LYCOS 3 1/16 to 42 1/4, MINDSPRING ENTERPRISES 3 1/2 to 60 3/8, INFOSEEK 2 3/16 to 18 9/16, CMG INFORMATION SERVICES 2 3/16 to 58 9/16 and AMAZON.COM 3 31/32 to 79 5/8. MEDICAL MANAGER advanced 2 to a new high of 27 on six times average volume. The provider of physician practice management systems has seen profit growth accelerate the past four quarters - from -33% to 44% to 56% to 133% to 183%. But analysts expect 31% first-quarter growth for the Tampa, Fla.-based company. FILENET gained 3 23/32 to a 52-week high of 38 1/8, breaking out of an eight-week base on five times average volume. The maker of document-management software announced a $6 million contract from the New York State Workers' Compensation Board. Separately, Microsoft and the Costa Mesa, Calif.-based company said they will implement new global marketing programs. INTERVU darted ahead 2 13/16 to 11 15/16 on volume of 930,700 shares vs. its usual 47,000. The San Diego-based provider of video distribution over the Internet came public Nov. 20 at $10 a share. CONCENTRIC NETWORK surged 2 1/8 to a new high of 18 3/8 on volume of 1.3 million shares. The provider of Web-hosting and private network services usually trades 119,000. On Tuesday, the Cupertino, Calif.-based company said PointCast has selected it as a preferred hosting service provider.>> I for one do not believe the game is over for ITVU. Expect volatiltiy in both directions in coming days/weeks. I have followed Internet stocks closely such as RNWK, BVSN, SEEK, SPLN, USWB. Usually 1-3 day runs are followed by profit taking, then they consolidate at lower levels before taking another run. BVSN traded at 14-15 two weeks ago, shook out weak hands last week at 11-13, and lo and behold it's back up to record high of 16-17. ITVU is just getting on the radar screens just like Cruttenden Roth and JOSE did for NSPK. ITVU is just now getting media attention, eg, Red Herring, CNBC, IBD. Enjoy the roller coaster ride.