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Technology Stocks : Audio Book Club (KLB) Next big internet play?
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To: Jeff Jordan who wrote (78)7/6/1998 4:09:00 AM
From: StaggerLee  Read Replies (1) of 146
 
A few points:

* Thursday's volume of 2.3 million was a record for KLB. It closed at $9 5/8.

* The company went public in 10/97 at $10. This is the first time the stock has been close to the IPO price (excluding the spike to $13 which only lasted a few hours). It is common for IPO shares to fall during the first 6 months before finding support and moving higher.

* The chart looks remarkably like YHOO's first year (Opened at $22, dropped to $12, and finished the first year at $21).

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