Autoweb IPO 3/22/99 AWEB Message Board

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Technology Stocks : Autoweb IPO 3/22/99 AWEB

AWEB 0.000400

0.0%

Oct 18 5:00 PM EST

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To: gridiron 99 who wrote (332)	4/14/1999 8:03:00 AM
From: ddron	Read Replies (1) of 696

Did some digging --- AWEB's chart, including volume, is very similar to EBAY's as well as EPAY's during their respective quiet periods. Almost to the day when BancBoston announced the "buy" rating on EPAY and the "strong buy" on EBAY, both broke out very nicely. BancBoston was the primary or co-manager of both of these IPOs. When EBAY went public on the the 24th of Sept it responded with the "saucer" that is typical of a lot of these IPOs, breaking out on the 15th of October. BancBoston went on to reiterate the rating on the 28th after some gaps needed closing. EPAY behaved very similarly, climbing from the 20's to as high as the upper 90s within days - then retracing in mid-March. It should be noted that both stocks popped out at the tail end of major and minor corrections, depending on how you look at it. Those of October and early to mid-February. Given AWEB's business model and the potential for money to be made on the net regarding cars ("a third of all cars sold will utilize the internet by the year 2001...") I can't imagine anything less than a "buy" rating from BancBoston. AWEB's response should be very interesting. Ron

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