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Technology Stocks : Commerce One Inc - (CMRC)
CMRC 5.120-7.3%Nov 13 3:59 PM EST

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To: anthony bui who wrote (252)12/23/1999 5:37:00 PM
From: Ted Downs  Read Replies (2) of 1938
 
Anthony,
My point is when you have a 200% appreciation in a short time, it's almost a guaranty (not to mention upcoming lock up release event) the stock will retreat (notice that I didn't say crash).
The problem is there are many of us with much more than a 200% gain. I have been forced to hold for tax reasons. Had that not been a consideration I would have been out perhaps earlier. The day a big news article came out on the lockup release the stock sold down considerably during the day and rebounded strongly late in the session. There is huge accumulation here and I feel the lockup release will be a non event. Now if nasdaq sells off all bets are off. You are right in that there will be buying opportunities and the boat may return to dock briefly. Just don't miss it if you believe in the growth potential here. Many years ago I had a broker tell me microsoft was too expensive. I missed it and have been kicking myself for years since. Good Luck

Ted
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