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Technology Stocks : WebTrends Corporation [WEBT]
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To: AJ Berger who wrote (415)6/12/1999 9:01:00 AM
From: Bill Hardison  Read Replies (1) of 614
 
Based on my read of the chart I don't think we'll see WEBT trading south of 30 any time soon. Too much underlying strength.

I think the strength comes from the smart money that is bailing on the metoo.coms and going into companies that dominate their fields and/or have some visibility on earnings. Also the secondary gives them a pretty good reservoir of cash they can put to work for us.
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