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Technology Stocks : Ask Jeeves,Inc-(Nasdaq-ASKJ)

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To: Ted The Technician who wrote (286)6/12/2000 2:15:00 AM
From: The Reaper  Read Replies (1) of 838
 
First of all I would like everyone reading this to know that I'm short the stock just so there's no confusion to my statements.

1) The cash on hand will be gone in about a year at their current burn rate. If they cannot float more stock at that time or start turning a profit, cash will be gone.

2) When you remove the "intangibles" from their book value, which you must do to get an accurate picture of book value, the book value is about $3.85/sh. - and dropping with each quarter that they lose money. Still selling at about 7 times book. Not a value play.

Be careful if you invest in ASKJ. FWIW.

kirby
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