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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: mchip who wrote (26509)4/3/1999 5:02:00 AM
From: Jon K.  Read Replies (2) | Respond to of 122087
 
ITVU has ripened, ready for our dinner table.

This company's hot air balloon is about to pop. ITVU has run on sympathy with BCST but as you know a sympathy doesn't last long. ITVU has now market cap of $650M , yet it's total revenue (not net income) in 1998 is less than 2M (1.7M) and net LOSS of 15.7M.

Tmex has been pumping this so judging from his track record, I figure this stock has a better than 80 % chance that it will drop right back to the baseline in matter of a week.

I've checked the past 2 years of stock activities and it was interesting to note that after a big spike, ITVU always dropped right back the following day. If the history repeats itself, after a brief morning rally, it should drop down to 45.