To: HEXonX who wrote (189 ) 3/23/1999 3:58:00 AM From: Kerry Lee Read Replies (1) | Respond to
FWIW, this company/stock ( VVTV)reminds me ALOT of situation on SEEK and PSIX a little over a year ago. Both those companies suffered from second/third class market share status while their higher profile brethren were experiencing superior growth in both revenue and market valuation. The stocks were both trading in $6-12 range and the message boards were full of shorts and company detractors. At the time, YHOO and LCOS had Wall Street behind them and SEEK was considered a "second class citizen" that was going nowhere UNTIL they brought in the new CEO from TimeWarner who orchestrated the equity investment by Disney. SEEK went from the low-mid teens to $70-90 in a relatively short timeframe. I am still kicking myself as I review my 1099's and see that I sold alot of SEEK in the 15 - 20 range. Same story on PSIX. I actually have not seen any major business catalyst for PSIX breaking out from the high teens/low 20's to the 40's where it now trades. They appear to be executing their business model( buying their growth by gobbling up international ISP's) and still lose alot of money, yet the stock has skyrocketed, presumably because the Street decided to award PSIX the same type of valuations it was awarding CNCX, MSPG,ELNK, etc..Again, I am kicking myself as I look at my 1099's to see that I sold most of my PSIX for $11-20. Oh, I almost forgot..I was an "early investor" in ITVU, bought it at $9 last year and took profits at $14..let's see, it traded at an intraday 52 week high today of $54
