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Microcap & Penny Stocks : MGVN - Radiotower.com -- Ignore unavailable to you. Want to Upgrade?

To: Labrador who wrote (42)	4/26/1999 3:50:00 PM
From: John Veltheer	Read Replies (1) \| Respond to of 148

[you are obviously much braver than me to buy something blind] Lab, In the internet game knowing info doesn't much help. Does it help you decide to buy PCLN knowing that is trades at 1000 times revs. or that AOL trades at $5000/subscriber or that whatever? The bottom line is all internet stocks are grossly overvalued but the game isnt about VALUE it is about perception and momentum. If a train is about to leave the station like MGVN you get on. When the story has peaked you get off. I personally think RadioTower.com is just beginning and thus I willing to take some risk to be one of the first in. If I wanted SEC filings etc. I would buy BCST at $137. However since the stock is up from $10 I think that the upside doesnt merit the potential downside. With MGVN the downside is $2 or $3 and the upside is $10 or $20 or maybe more.