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Technology Stocks : Ariba Technologies (Nasdaq-ARBA)

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To: anthony bui who wrote (453)10/23/1999 12:20:00 PM
From: srilanka  Read Replies (2) of 2110
 
ariba made several important announcements prior to their earnings release which beat street estimates and there were a lot of shorts put on in anticipation of the lock up release. the same thing is going to happen to ariba as ebay when the lock up came off. there was a temporary sell off and a dramatic upturn. ariba is the B2B leader and like ebay will recover quickly . ariba will be option eligible on the 29th which will increase liquidity and soak up any selling. i would expect that the string of news and good earnings at this particular time is a prelude to some major news event which will catch the shorts - i would be nervous about being short this one.
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