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ITXC Corp. (ITXC) Message Board

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  • runlong_1999 runlong_1999 Oct 27, 1999 12:37 PM Flag

    i bet we see $50 by the end of the day

    I have noticed that coverage initiations have not
    been giving much of a boost to most IPO's lately.
    There are exceptions of course, but I think in general
    people are realizing that at least a buy rating at the
    end of the QP is pretty much a given, at least from
    the underwriters. I haven't heard of a recent IPO
    that has not seen coverage begin with at least buys.
    Can they truly all be buys? Some of these companies
    will not make it.

    As far as earnings, after
    seeing some of the bloodbaths even with great numbers
    (ZOOX, INKT, etc.) not even this may immediately provide
    the big boost we are all hoping for. This, I think,
    is more related to the market itself.

    But I
    think it's important to note that although seeing
    multiple point jumps in ITXC would be exciting, I think in
    the long run we are better off with exactly the type
    of climb ITXC has been showing. Nice and slow and
    steady. Nothing irrational. I think this will save us
    from many of the short term selloffs that many other
    stocks are experiencing.

    In my opinion, we have a
    winner here, and after the market uncertainty is over
    after the November fed meeting, things will hopefully
    begin to look up.

    By the way, whatever happened
    to our friend buenodotcom who posted that he shorted
    ITXC at $33? Kind of funny we haven't heard from him
    lately. Maybe he thought he should sell his computer to
    get enough money to cover his position.

 

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