This is the voyage...
of the the Stocksh*t "ENTERPRISE" (aka: "AA's Folly"). It's (now revised) 25-year mission: "To Boldly Go, Where No Stock Has Gone Before," and reach the stratospheric and far distant market cap of 1,000,000,000,000 dollars.
The historic voyage was launched on December 15, 1998. It's now been exactly 2 years, 7 months, 1 week, and 5 days since leaving the launch pad ("opening" at $3.125/share, split adjusted). Sadly to say, the voyage has turned out a complete bust...so far.
The "Enterprise" has crashed back to earth so violently, that it's "value" (as of 7/27/00 close) is unbelievably NOW WORTH 30.24% LESS than the moment of it's IPO launch...over 2 1/2 years ago.
Some bottom feeders will say, "Buy NOW! It's WAY undervalued! It'll make you RICH someday! It represents the future of the wireless world"! It's got partnerships! It's got barter deals! It's got 'goodwill' coming out the wazoo! It's got patents! It's got Paul Allen! It's got cash! It's even got lots of office furniture! It's really going to be something...someday! Yep...some people will say that. Perhaps they'll turn out to be right...Yep, perhaps they will.
Below is an absolutely accurate <ggg> and very detailed technical analysis (TA) chart of the "Enterprise's" history since that fateful day when it's mission was launched "publically," under the steady leadership of Captain AA himself:
/\ <-----138.5
/ \ (3/3/00)
? ?
/ ? ?
? ?
/ ? ?
3 1/8 / \ 2.18
(12/15/98) _? ?_ (7/27/01)
IPO "open" ? ? |
| __,/ \_ |
V _,___,/ ?-,_ V
__.___..__,/ \,___..__,__
?------------.----,------------------------,--------------?
_,'.--. \ .' (o ) \ |
C , '--' | /
/ )'-. \ /
| .-; \ |
\_/ c___,' | .-'
.---.__AA_/ | /
( ` | .--'
'. __,-'\ .'
`'-----'` jgs \ __.'
`-..--'`
You sophisticated TA "experts" may perhaps
recognize the subtleties of this now "classic" chart
(aka: the "DotBomb Pattern"). |
