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Technology Stocks : Edify (EDFY) IPO -- Any Comments? -- Ignore unavailable to you. Want to Upgrade?


To: Shoot1st who wrote (309)5/26/1999 12:31:00 PM
From: tuck  Read Replies (2) | Respond to of 355
 
shoot1st,

You wrote "Looks like most of ISLD/ARCA is off the stock." I'm unfamiliar with that acronym. Could you enlighten me?

I hope you're right about the comeback, though I don't understand what you base that call on. Neither EDFY or SONE is making money, so valuation is tough once the hype goes out of 'em. I read a post on the Yahoo! thread suggesting there was support for SONE at 27. That's not going to be good enough for me. I need Edify to hold above 11 for a while, meaning SONE needs to get back near $40 quick. Else half my psotion has to go at a slight loss in two days. I imagine other folks are facing margin calls, too, i.e. long squeeze.

Good Luck, Tuck