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Technology Stocks : The Roaring Twenty 1998 -- Ignore unavailable to you. Want to Upgrade?


To: White Shoes who wrote (86)5/26/1998 12:22:00 PM
From: White Shoes  Read Replies (1) | Respond to of 338
 
BUY 500 FCSE at 3 15/16.

MPACT Immedia sounds like it is going to be bought out. The stock is
now more than a triple in four months. We'll see how much they pay for our stock, we paid $3.65 and it's over $12 now, maybe the price is $14 but we'll have to wait and see. Then again, we don't know it's a buyout, it could be a partner such as a bank taking a 25% equity stake, as I have speculated.

I am thinking about selling. If the news is only that a large partner such as a bank wants 5% or 10% of the company at $12.00 per share, then the euphoria will likely be short-lived. We'll find out soon I suppose!