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Technology Stocks : First Virtual Corporation (FVCX) -- Ignore unavailable to you. Want to Upgrade?


To: Kaliico who wrote (92)4/7/1999 3:14:00 PM
From: WallStreetTips  Read Replies (1) | Respond to of 323
 
FVCX >>> Which institutions laoded heavily yesterday???

Yesterdays strength was weird. Normally big players would know ahead of and would never buy in huge quatities. I do not understand what was the game yesterday but whatever it was it got many small investors including myself. I bought more at around $16 1/2 thinking that it would go up because of teriffic volume and price momentum.
I looked at huge blocks of buying and thought something good is in pipeline and those who know are buying. Guess I was wrong.

Today's announcement is certainly a disappointment for long investors.
I still believe in company and has no doubt that future holds great promise for FVCX. Those who can buy at $6 3/4 should load heavily as this is a very attractive investment at this price.
Bear Sturns still rates the stock "Attractive". None of the investment banking firm downgraded the stock to "Sell" yet.
I am buying more and actually have bought almost 6k shares and will add another 4k today to drop down my average buying price.
I shall add more if for any reason we see more weakness which I fully doubt.

FVCX is an Internet play and a leader in Videoconferencing, Internet Video/NGI, Streaming Video over the Net.
I am actually happy that I am getting an opportunity to buy at such throw away price. Those who will stay invested after buying today for a year will easily triple their money.

Just my views.