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Technology Stocks : AboveNet Communications, Inc. (ABOV)

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To: Tom Hua who wrote (215)3/31/1999 5:43:00 PM
From: Mr. Miller  Read Replies (3) of 835
 
I don't know what that would do to the stock short term. I am amazed at this run. I was in around the $40 mark. I can't believe my eyes when I see $130 in less than a month. I still believe this company has a tremendous future, but this stock run is truly amazing.

I like to follow the 50-day moving average and we are quite a ways from it at the moment. I will be very interested to see how this stock performs over the next couple weeks, but I will only watch. I am definitely going to hold them. As you can tell from my post a couple days ago, I am terrible at timing stocks. I would rather hold for the target 5 years out then try to time it and miss out on the huge runs like we have had the past four weeks. We may never see the double digits again, and what if I sold at $75 for the 50% profit? I would be the loser. Best to hold these things. Way too volatile to short, and way too unpredictable to time.

Miller
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