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Technology Stocks : FreeMarkets Inc-(FMKT)

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To: Steve Antonelli who wrote (246)1/20/2000 9:51:00 PM
From: SteveG  Read Replies (2) of 414
 
steve

regardless of the arguments that have been beaten to death since AMZN and EBAY went public, the bottom line is will the stock go higher?

that depends on whether there will be more institutional (and retail) buying of the 3.6MM share float. I can tell you first hand, there will be.

There WILL be more significant announcements by way of new customers, they will beat earnings expectations, and going into earnings and afterward, institutions will be buying. And at some point in that two week timeframe, many shorts will also give up and cover.

Being on the buyside, and knowing a number of funds who have been and will be buying, i am very confident that this stock will be higher 2 weeks from now, regardless of the occasionally reasonable fundamental arguments shorts may offer. For people serious about the market, it's about reading the MO and making $$$, not about being right "fundamentally".

IMO
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