Audio Book Club (KLB) Next big internet play? Message Board

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Technology Stocks : Audio Book Club (KLB) Next big internet play?

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To: george wood who wrote (74)	7/2/1998 8:04:00 PM
From: Gary105	Read Replies (3) of 146

Commentary: 1. As indicated in post 47, insiders have been buying. How many internet stocks are insiders buying. How many companies at all have insider buying. 2. The stock admittedly is ahead of itself so its difficult to say how big a correction will occur, but its very undervalued compared to say amzn. 3. Trading is different from previous run - instead of a lot of selling at end of day (by smart money) there has actually been buying. 4. So I think company will be higher several months from now than it is today. How much so will depend on business - it could be a few %, it could be up severalfold Its received a lot of attention recently and is now in spotlight. Would I buy at these levels - no. Take a little off the table - probably. Add on a correction - yes. All my opinion. Readers should make own decisions. 5. One other point - markets for small stocks are ineffecient and theres opportunity to capitalize on it. Eg on Friday CEO discussed internet volume - not much reaction at first. On Tuesday it was followed up by announcement with same information - thats when the investment community caught on. Gary

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