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Microcap & Penny Stocks : IATV - ACTV Interactive Television -- Ignore unavailable to you. Want to Upgrade?

To: Alan Brezin who wrote (2881)	9/19/1998 6:49:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 4748

I'm not an authority on ACTV. No one is. You are just as likely to succeed with this play as management is likely to successfully pull it off. To succeed both they and you need guts and luck. Given that this is a hyper-speculation, all need lots of both. Too much for me. As the general partner of a private institutional investment firm, I am in no position to take unwarranted risks with OPM. I can tell you that I wouldn't speculate with my own dough on this company. 95% of the deals like this go bust. I spent 30 years discovering that hard lesson. It isn't relevant but since you asked I have advanced degrees in math and theoretical physics in which I am currently involved when i'm not writing or yelling at brokers. I've worn many hats including stock broker(ugh) and programmer(ugh,ugh), but these areas don't give me one wits bit of advantage in the stock market because knowledge can't help you with predicting the future. Fact is, you put your money down and you take a chance. Some chances are better, but yield less. The convolution product of infinitesimal risk and infinitesimal return is invariant. Greed and fear asymptotically approach the integral of the expectation. The perfect interest rate is epsilon close to that expectation. Thus, you might as well own Muni's. You won't do that so your gambling will take you to gambler's ruin. That is a theoretical state in which the i-th fluctuation (bad guess) takes you through 0. That's O dough, so you can't fluctuate back up. It does that because every i-th action has a negative expected return. Ah Vegas. On margin you're in prison. So when you take a position in a play like IATV, you have to do it with cash and you should hold it forever not caring the least if it goes bust. You could only do that with cash you don't need. That's the kind of environment the FED has created, so you're going with the flow. The question is whether the flow is lemming-like and whether you can escape the rapids before the plunge. Do not utter the words, "I gotta get out". It's bad luck.