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Strategies & Market Trends : Guidance and Visibility

AAPL 278.28

+0.1%

Dec 12 9:30 AM EST

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To: greenehugh who wrote (3352)	7/4/2001 1:54:04 PM
From: Kaliico	Read Replies (1) of 208838

WEBX. Watched/played this one since its ipo, my thoughts Volume is key here as the 50 is crossing up through the 200 dma. Yes its way over valued, yet they have a great product which seems to be all the talk amoungst some e-biz/IT consultants i know over at Gartner Group ( as has been SEBL). Likely scenario I see for the next month(why iam hesitant to short beyond day trades)...a pullback (already in progress) on low volume to the 50DMA, bounce up on increasing volume, a bullish 50,200 dma cross, on to new highs in the upper 30's (at which point short seems alot safer). Late July market internals deteriorate, valuations concerns top the list of the media machine, once again the hedge fund pact throws their short might at the market in full force and down WEBX goes. Summary : WEBX has another leg up imho. K

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