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Technology Stocks : AboveNet Communications, Inc. (ABOV)

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To: Colin Cody who wrote (246)4/1/1999 3:06:00 AM
From: JW Steve  Read Replies (1) of 835
 
<<Why dicker around trying to get the scraps when there is a huge risk of being squeezed to death? >>

Colin, You don't know Tom very well. He makes a killing doing just that. There are plenty of people who bought in at current levels or will buy at the top and hold on the downside hoping the stock will rebound. From what I've seen, Tom is a master at calling peaks in either direction. You'd be wise to listen. Just because you made money by getting in early, doesn't mean everything is rosy in long land.

I may join Tom because I agree that this thing is ridiculously over valued. It's not a popular opinion. However, more people get hurt by riding a blind wave of feel-good into a grossly over-valued stock then by getting a reality check by a quality guy who just happens to be a short.

jw steve
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