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Technology Stocks : DoubleClick Inc (DCLK)
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To: sammie-m who wrote (2462)6/28/1999 11:09:00 PM
From: Doug Meetmer  Read Replies (3) of 2902
 
I think all of the DCLK bulls are flat wrong. I just sold out of my position today because I believe that even if by 2001 altavista will be a small part of DCLK's revenues, it is still currently 43% and that is hard to shrug off. Just look at the price action today-when the NASDAQ was up 8 points, DCLK was down 6. With the NASDAQ up 50 points, DCLK closed up only 3. That bodes for a downward pull on the stock. If we have one or two down days for the NASDAQ, DCLK will soon be trading in the 60's.

In short, it seems that people can downplay the CMGI buyout of DCLK all they want but the market sees through that and is continuing to bring down the valuation of DCLK. If we get another net correction, DCLK could be down in the 50's.

Good luck to the longs, as I don't have a financial interest in this stock, but I see it going to $60 before I see it going to $100.
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