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 : IRID - Iridium World Communications IPO Announced! -- Ignore unavailable to you. Want to Upgrade?

To: AustinS who wrote (1412)	3/3/1999 11:58:00 AM
From: RetiredNow	Read Replies (1) \| Respond to of 2693

Boy this stock has tanked. I'll do you guys a favor and predict that it will go all the way down to $15 before the tanking is through. Whenever I make a prediction, the stock does the exact opposite, so we may have seen the bottom here. All kidding aside, the reason I think this stock is tanking is that people are genuinely concerned that Iridium will go bankrupt. I was advised to buy this stock one year and a half ago at around $37, but I didn't for one reason: they were losing money and I don't invest in companies that lose money or have major debt. But I have watched it ever since, waiting for an entry point. I personally don't think they will go bankrupt in the next year or so. But what concerns me more than anything is that their product is so overpriced (and their phones so large) and their target market so small. They need to lower prices substantially to get a real customer base. If they don't get that customer base soon, they may lose their banks' backing. Then that is the end. Anyway, still holding off for now.