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


To: Skip Jack who wrote (2534)4/22/1999 6:15:00 PM
From: Robert Cohen  Read Replies (2) | Respond to of 13157
 
The stock is droppping because people who have been in stock for a long time are becoming panic as stock drops. These people don't want to lose there big profits, which is understandable. There is a lot of market making playing around. Market makers are playing back and forth and individual client sees this and starts to panic and feels he must sell causing a panic like today. Once the stock starts an uptrend or a reversal it should continue to move higher. Champ you are incorrect, this company has done no other private placement, the company has 18 million now and needs no other funds. It really is hard to figure out who is selling, but it became apparent as people start calling wondering if they should sell to protect profit. This is a feeding frenzy. My belief once it reverses wish i hope is tomorrow were going to go to new highs with long term holders rather than momentum and hot money dictating this volatility. The stock is being placed into strong hands , but there are more sellers than buyers at this time. This company is in 500% better fundamental shape just from 3 weeks ago. We haven't even seen the real potential yet.



To: Skip Jack who wrote (2534)4/22/1999 8:47:00 PM
From: SBerglowe  Respond to of 13157
 
Thanks for the response. You are in a better position than I am to evaluate the technology. After my home run on RNWK, I made the decision that this was my next home run stock. (I'm a visionary...not a techie.)

The worst part .... Mom bought the stock (better than I ..at 18) and her broker is leaving her nasty messages about her daughter's recommendations.

On the bright side... I reinvested profits from half sale of RNWK into BMY and LU, and they are both doing great. I am not a trader.

On traders....
An old trader told me in 1976 about the 1 3/8 retracement off the low as a momentum change, And dammit it works. Of course 1 3/8 off the high is not too good either....

The MM's can be ********