SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : First Virtual Holdings (FVHI): Internet bottom fishing?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: webinfopro.com who wrote (71)7/14/1998 12:24:00 PM
From: Jonathan Brown  Read Replies (1) of 87
 
Webby, I am sympathetic to your point of view, but let's be realistic. FVHI has risen from 60 cents to over $7 in a matter of a few weeks. Why? Association with Softbank, which is in the news for its investments in E*Trade (which bought a small share of FVHI--around half a million, as I recall) and Yahoo! (you know it's a Net stock when you need to use the shift key for special symbols or punctuation in the name--when will children get their asterisks and exclamation points, like Billy! or Ja*ne?). Beyond that we have wistful, wishful thinking from the Web bulls and a run based on daytrading. With a long-term view and a risk-friendly approach to small-cap investing, this may indeed prove an excellent buy-and-hold investment. But goodness gracious, we ain't bottom fishing now. The risk/reward ratio is a lot higher than it was for what remains a company with interesting potential and contacts but very little to show for results. And remember, this is a Web commerce company. Look at the sector. It is not the leader among Web stocks generally. If you doubt that, have a look at CYCH. Great ideas, but where is the dough? The stock price is reflecting where it isn't.

Best of luck to all.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext