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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: LemonHead who wrote (6660)1/19/1999 7:54:00 AM
From: JZGalt  Read Replies (2) of 18928
 
ATHM & XCIT? Any thoughts?

The caveat I'd have on these two is that sometimes the GTC order will be far away from the current quote. Some brokerages will not let you enter GTC orders that are more than 20% above the current price. You may not be able to run the warehouse unless you sit and watch these swingers.

The other thought that comes to mind is that when (not if) the internet bubble bursts, are these companies going to survive? If they survive (and it looks like these two would) at what level would they trade on the earnings? AIM won't help you if these stocks get cut in half (or more) and then just trade on eps. It could be years before you get back to the original price. I don't think these are truly AIM type stocks, but it is your money.

You might want to ask Bruce what percentage of EGRP shares he still holds out of his original stake. ;-)

----
Dave

PS, ATHM is going to come under some serious pressure if ADSL starts to really roll out of the baby bells. You might want to consider AOL if you are bent on playing the internet darlings. No question they are going to survive and prosper as an internet media company.
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