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Technology Stocks : UBID - an IPO spinoff of Creative Computers
UBID 3.0000.0%Jan 21 4:00 PM EST

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To: jjs_ynot who wrote ()12/27/1998 2:21:00 PM
From: Steve Lin  Read Replies (1) of 581
 
A Quick Word about the small Float,

I think the small float of UBid contributes greatly to its volatility. This volatility cuts both ways. Small float plus wild speculation will manifest in the recent dramatic rise and Thursday's precipitous fall.

Most people who are holding UBid are speculative hands. These are not long term investors. If you think you are a long term investor, you may want to find some fundamental value and growth projection as basis for an entry point. Because you will be left holding the bag if you don't have a reference point -- and this speculative fervert shouldn't be it. Now, if you are speculating, I'm pretty sure you'll be flexible enough to profit and cut loss. So this volatility may be good for you. Just be careful if you are a long term investor.

The hands holding this stock are not strong hands. There is really nothing holding up this stock besides speculation at this level. Don't use any money you can't afford to lose. Other than that, have fun with the wild ride.

best to all,
steve
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