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Technology Stocks : About.com (BOUT)
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To: WallStreetTips who wrote (203)4/28/1999 5:00:00 PM
From: Sanjay Varma   of 438
 
MINE seems to be holding up much better than other net stocks during the post earnings slump. A good sign today (wednesday) is that volume increased on the uptrends, and decreased on the downtrends, in contrast to some other net stocks like DCLK. Also, the recent adition of e-commerce sales staff, including the former head of Wired Digital's advertising department, is a good sign that people in the industry view this stock as a good long term play.

I wonder about the downside risk during post-earnings slump, though. I also wonder about their loss of $16 million on revenue of only $3.5 million. These numbers may not fly so well if the Street begins demanding better numbers from Net stocks to justify valuation.

-Sanjay
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