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Technology Stocks : Aware, Inc. - Hot or cold IPO?
AWRE 2.380-2.1%Nov 13 3:03 PM EST

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To: ayahuasca who wrote (8625)4/19/2000 4:25:00 PM
From: Jess Beltz  Read Replies (3) of 9236
 
Several things:

(1) ATHM is just too frustrating to own. I know. I owned that one too, and for a long time. Nobody seems to be able to figure out whether ATT is screwing things up or helping things out, so the uncertainty keeps the stock in the dumper permanently. I bailed on it about 4 months ago and really haven't looked back. I may as it approaches single digits.

(2) I think the main thing for today is not the retrenchment, which we all should have expected, but rather the market didn't melt down, as it could have. The parade of strong earnings continues, and should restore confidence, but a LOT of people were burned really bad in the last 6 weeks, and without doubt are reluctant to jump back in. In addition, I think it will take a bit longer for the rabid margin buying to pick up, although I feel it probably will eventually. Greed may very well be the deadliest sin. It certainly has been for my portfolio, but in light of what happened, and with plenty of market "experts" out there waiting to scare people back into the shrinking universe of stocks whose business they can understand, investors who want to get back into "tech" (and you know how I feel about this) are understandably reluctant. We may need the money of the mindless to help inflate the sails and move forward. It would be curious to know how many fund managers are literate about any field of high technology. jess.
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