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

To: Kathy Riley who wrote (2656)	4/25/1999 12:09:00 PM
From: Mike Fredericks	Respond to of 13157

Mike, I think IOM is a bad example, when the secondary was 30 it was really 150 bucks presplit from the 2 buck level. It hit 55 that year. The stock didn't fall becaues of a secondary, it fell because reality hit the famous story stock of 96. Wasn't the secondary after it hit its high? My memory is fuzzy, but I remember buying IOM after the secondary, slightly below the secondary price, watching the price drop $4-5 in a few days, and then dumping it. Usually stocks I sold moved back up right after I sold ;-), but every time I checked out IOM's stock price after that it was always lower... Yeah, it was a story stock whose bubble burst, but isn't IATV a story stock now? No revenues to speak of... I'm just glad we didn't do a secondary here... we can debate whether secondarys are good or bad but in either case, IATV didn't do one, and that helps me sleep easier at night... what IOM did or didn't do (or what other stocks do or don't do) doesn't really directly affect me because I own 3 stocks, none of which are going to do a secondary any time soon ;-). -Fred