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Technology Stocks : FBR IPO ALERT THREAD (NYSE: FBG)
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To: Jim B who wrote (836)2/12/2000 11:01:00 PM
From: Marshall001  Read Replies (1) of 1044
 
OK Jim.. Here is the long and short of it..

The FBR run-up started at 6 to 8 (depends on how you read the charts. lows or highs) So 19+ was up to a 200% run in the stock since December 1st. I am using this as a begining of the run as thats when the WEBM IPO started getting noticed and regarded as the IPO for 2000.

Even if FBR maintains the slow trend line from Dec 1, It looks like a temporary bottom MAY occur at 10 1/2 to 12 1/2 (depending on how you read the chart). Spike from 10 to near 20 should be disregarded in the trendline. To re-enter trend the bottom looks like 10. A bounce to mid-teens may occur if stock holds old resistance at 10. I'm sure there are a lot of shorts out there who will cover. After that your guess is as good as mine.

One intangible is the large number of new accounts the WEBM offering created for FBR. If a well timed PR comes out, some damage may be averted.

The true value of the WEBM and AETH holdings for FBR will be priced in slowly over the next few months. Investors are fickle, hard to tell how they will react. Look at the overall trend for online brokerages, I'm sure FBR will follow. Interest rates have taken their toll so far.

Again Jim, This is my opinion. I have no position and will probably not take one. The FBR/WEBM play is over for now. But who knows what tomorrow will bring. Lots of other things can happen. PR's, market tankage.. you understand.

Hope it works out.

M
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