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Technology Stocks : IATV-ACTV Digital Convergence Software-HyperTV -- Ignore unavailable to you. Want to Upgrade?


To: art slott who wrote (968)3/31/1999 4:51:00 PM
From: Ron Harvey  Read Replies (1) | Respond to of 13157
 
Here's a post I made on a traders' board on Monday. It may interest folks who are just tuning in to this stock:

"After some encouraging consolidation, IATV is knocking at the resistance door in the low 8's, as I read it. With enough volume, it could get its foot in. And once past resistance, it could fairly quickly bound to the low 9's or better, preliminary to even stronger prices as the Hyperactive TV story continues to unfold. I wouldn't underestimate the psychological impact of a story stock like this bobbing in the midst of a virtually new mass-media arena, complete with forthcoming news items, buzz words, big partner companies and wannabes beginning to crank out the PR, reporters on the hunt for what's-cookin'-next stories, lots of hype and real stuff, and an increasing number of speculators spinning sugarplum fantasies of internet-style mania. I had posted some weeks ago that the risk with this stock was probably selling too soon. I still believe that. Drama and coruscating dreams can move stocks even more than the rationality of sound numbers."