Audible Inc-(Nadaq-ADBL) Message Board

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Technology Stocks : Audible Inc-(Nadaq-ADBL)

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To: rdmsqito who wrote (104)	8/18/1999 3:28:00 AM
From: Candle stick	Read Replies (1) of 165

Yes it was a great interview, however..... and please don't flame me for this....I sold all my ADBL today shortly after it hit 17. Why? Well, I love this company, but lets look at some facts. First it just ran from 6 to 17 1/2. This happens to be a 2/3 fibonacci retracement of the recent drop from the highs. Second, three firms have begun coverage with buy ratings and MSFT and RNWK have announced news related to ADBL.....earnings are out and CEO was on CNBC.....WOW! thats a hell of a lot happening in one week.....stock went from 6 to 17 1/2.....the way I look at it there is no more news to come for a while and ADBL will take a breather for a couple of weeks...the market may selloff into the fed meeting on Aug 24 and ADBL could fall 3-4 points as the publicity dies down. I would very much like to buy in a bit lower. I am not short and I think that anyone short is risking a lot.....but it's time to sell on the good news...there is nothing left to tell right now, so the stock will likely back off....buy when noone wants 'em and sell when they look the best......that's my game and I stuck to it today...good luck to all the longs.... I am sure ADBL will be much higher in a couple of months, and I hope to be back in for the next spike up.......cheers, ..........;^)

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