Audible Inc-(Nadaq-ADBL) Message Board

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Technology Stocks : Audible Inc-(Nadaq-ADBL)

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To: William T. Katz who wrote (96)	8/12/1999 9:57:00 PM
From: Ken Whiteside	Read Replies (1) of 165

Yes the Wit rating is good timing. It's good to show bad news with good news to water it down. Look at the last INIT earnings report. Very similiar. Headlines read increased revenues, more accounts, etc.. But the market grabbed hold of the reality of a company getting farther away from making money. In this down market especially, where tech stocks are extremely overpriced, the market can't pay for future earnings. When the market gets tight like this, investors cling to the real deals that are strong now. Just MHO, I'm in at 13 (ooch!) and plan on benefiting either way. Single digits I'll average down. If it goes up, great too. I think it will come back after the 24'th greenspan meeting if it gets more news. Ken . . .

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