Alteon WebSystems Inc-(ATON) Message Board

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Technology Stocks : Alteon WebSystems Inc-(ATON)

ATON 5.140

-5.0%

Oct 31 9:30 AM EDT

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To: Bruce Ravelson who wrote (406)	7/25/2000 6:08:45 AM
From: Mark[ox5]	Read Replies (1) of 414

Well Price to Sales ratio is approaching 60 and it now leads its peer group of Foundry Networks, and Extreme Networks. Where it goes is anybody's guess!! Once these things get the momentum crowd behind them they can just keep going to levels that make no sense... I would think there would be a pullback but than again after huge runs from October 1999 to December 1999 I thought some of these stocks that had run 100,200% would pullback but they kept going for 2 and a half more months straight up til mid March 2000. Any experts at this point are just guessing because you cannot quantify the power of thousands upon thousands of daytraders and momentum traders who will play one of the very few stocks working the past few days. Also the float is a measly 30M shares .. so on and on it goes.... logic would dictate a pullback soon here (I thought it would be $150, so much for that theory) Not complaining though.. this stock is finally getting the CNBC promotion that Foundry has been basking in for a year. And on top of it STILL one of the quietest boards around :) Mark Appiness.com - Technology Stock Investing

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