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Technology Stocks : Manugistics, Inc. (MANU)
MANU 15.23+0.2%Dec 16 3:59 PM EST

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To: bob zagorin who wrote (1410)2/6/2000 1:26:00 PM
From: J L Segal  Read Replies (1) of 1670
 
MANU has had a phenomenal run recently. Makes me a bit nervous about holding here, at least until 4th quarter earnings are released in early April. Granted the potential is there (look at I2), but personally, I'd like to see some sound fundamentals (ie., real numbers) to justify these prices. With MANU's options showing pumped up premiums, it's tempting to write covered calls. NMSS (another turnaround) had a similar price performance. It went from less than $3 last April to nearly $50. After the earnings release, NMSS settled in the mid $30's. The question is, how much higher could MANU go near term - is the price a result of momentum traders pumping it up, waiting to get out at the nearest sign of weakness, or has most of the buying been from those with more of a long term outlook. The turnaround outlook is bright, but is $55 justified? Is I2 justified at $245?

JLS
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