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Technology Stocks : WebTrends Corporation [WEBT]
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To: Vincent Vega who wrote (438)6/30/1999 10:24:00 AM
From: AJ Berger  Read Replies (1) of 614
 
Don't be so sure you'll get $50

while momentum players may agree, fundementalist will remind you that we're only waiting for a few penny's in earnings. and even at this price it's still triple it's recent IPO. I'd say it's coming into fair value trading range up to $50, and the previous run to $80 was only due to the Internet euphoria at that time. You may get your $50 only because WEBT trades like such a thin floated stock, because most of the large float seems to be locked up somehow. I wonder if now that we are about 6 months from the IPO, that the float behavior will change as restricted shares become tradeable. I don't know how that common situation effects WEBT exactly, and hope thread veterans can enlighten us. I sold half my $30 WEBT at $39, and will wait for the pre-earnings runup to sell the rest.
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