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Technology Stocks : Ariba Technologies (Nasdaq-ARBA)
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To: shamsaee who wrote (1314)10/18/2000 4:36:52 PM
From: GST  Read Replies (2) of 2110
 
Well I bought puts today that look like they are going to make me some money. Lots of people hang on to a stock thinking that a "great report" will do the trick. A company with a valuation like arba's is like a duck the size of a pig flying low in duck hunting season and wearing a big red bulls-eye. The demise of this stock as an investment will probably be one of the hallmarks of the bottom in this market -- when we get there. ARBA can get cut in half in this market and just never recover as people realize that ARBA does not have a cure for cancer, nor anything that 20 other companies will pile on with in the next year. Long-term target -- 40.
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