Autobytel (ABTL) - Buy Autos online Message Board

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Technology Stocks : Autobytel (ABTL) - Buy Autos online

ABTL 7.020

+0.3%

Oct 6 5:00 PM EST

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To: Alomex who wrote (292)	5/21/1999 2:44:00 PM
From: Bill Ounce	Read Replies (2) of 594

re: explanation It is NOT uncommon to see a pullback after an IPO. A trigger could have been some people are getting nervous over "Internet stocks". The stellar heights of "Internet stocks" are from day traders. Some call them "blind momentum traders", so now that the momementum has been broken, they will stay away until it starts going back up. For this stock, I think it is a vicious downward cycle. But this stock is much better than some of the "Internet Junk" that is at stellar heights. So there are at least three outcomes: (1) This stock rises to it's proper valuation in respect to the other "Internet Stocks" (2) The other "Internet Stocks" fall to their proper valuation in respect to this stock. (3) Something else completley unexpected happens :-)

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