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Technology Stocks : Aware, Inc. - Hot or cold IPO?
AWRE 2.160-1.4%Nov 28 9:30 AM EST

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To: TREND1 who wrote (5184)12/5/1998 1:10:00 AM
From: Tim McCormick   of 9236
 
Going over 20, AWRE has now become a momentum stock. It is obvious that it is nearly impossible to value AWRE. I feel it is worth somewhere between 150 Mill to 400 Mill. Quite a range there. But once a stock has broken free from the shackles of valuation analysis, it can trade for any price near term. If retail momentum trading has taken over, the practice of future price prediction becomes nothing more than random gambling. Arguing fundamental technical shortcomings means nothing to the current holders. They have neither the time nor the ability to understand the issues. Unfortunately, most of the technology stocks in this market which are setting new highs suffer from the same condition. Tim
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