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Technology Stocks : Ask Jeeves,Inc-(Nasdaq-ASKJ)

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To: Don Green who wrote (189)	12/3/1999 3:08:00 PM
From: WallStreetTips	Read Replies (1) of 838

ASKJ >>> Near term target $90 - $105 I sold all ASKJ holding after finding out that the initial 6 month lock up ends pretty soon. Also early lifting of lockup restrictions on 1.5 Mill shares on 7th makes me wonder of why that is done. It is quiet unusual move and makes me judge that Morgan Stanley Dean Witter (Lead Manager to Issue) feels the stock is fully priced. They might want to take their hefty profits before rest of the management gets to sell later. I decided to sell and stay until clouds clear out. I started buying around $115 and then today in just 2 days the stock saw $144. I will be buying back once I see ASKJ at attractive buying levels. I still have my bullish views on ASKJ with Strong Buy for long term. Just my views.

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