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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: Tim Luke who wrote (77760)12/12/1999 7:22:00 PM
From: Tim Luke  Read Replies (1) of 90042
 
update # 3:

sbas...first posted here at 1 17/32 on nov 16th..this was my private call ....it was me who got this stock into the spotlight but i'm going to throw a bit of caution here.

this stock ran on linux fever....at this point it's hard to say where it will go from here in the short term..i will cover the long tern at the end....since the day traders are all over this stock can bank on major manipulation...it could show a gap in pre market with the MM's sucking in pre- market buyers and pre-market orders to be filled at the open at market price...it could very well show higher in pre-market and then get slammed down after the open so be careful ...

there should be some news this week regarding open avenue and i'm sure we will get more cnbc coverage....it's very likely we could see the teens but be careful jumping in now...i would look to take profits this week ...we could see a slight NAZ correction and this linux frenzy will cool down at some point...

now for the long term...my personal feeling on this stock is it could run well above the 50 mark...open avenue (which sbas owns 205 of with an option on another 5%) should ipo and go public at the end of 2000...so the long term on this stock looks great..the short term could be volatile....
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