Ticketmaster-Citysearch (TMCS) Message Board

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Technology Stocks : Ticketmaster-Citysearch (TMCS)

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To: kennny who wrote (112)	12/4/1998 1:08:00 AM
From: neverenough	Read Replies (1) of 803

Long term this is a great company, and I'm sure we'll see prices much higher than we closed at today. But in the short term things will be very volatile, I can see an easy trading range between 30 and 50. With the closing price today of $40.25, TMCS is being valued at $2.8 Billion or 51 times 1999 sales estimates, which seems a bit steep, but what the hell look at all the other internets. To answer your question, I guess it all depends on your risk tolerance, which I would assume is pretty high, in that case I would hold it and see what happens. But if you can't handle this dropping another 10 or 15 points before it does start to move up than I would hope for a nice gap in the morning and sell it at the open. Just my opinion of course, FWIW.... Nigel

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