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Technology Stocks : Ariba Technologies (Nasdaq-ARBA) -- Ignore unavailable to you. Want to Upgrade?


To: William F. Wager, Jr. who wrote (126)6/24/1999 6:16:00 PM
From: Rick McDougall  Respond to of 2110
 
<<<OT>>> SOMEWHAT

<How you been Rick? Exodus forever>...I agree, not trading that baby anymore. I always seem to get caught on the wrong side of the trade.Have been writing CC's though & am hoping that exds holds below $100 until July 16th. I do not want to be called away.

Have done well on abov as well, although I'm a little miffed at the latest developments....BO by mfnx in a stock swap, 1.175 mfnx for each share of abov. So of course mfnx stock dips $4.00 the day the deal is announced, effectively reducing the value of abov from $49.83 to $44.65. I was prepared to hold abov long term. Guess that strategy is out the window.

BTW same thing happened with qwst. I held that stock for 2 years with nary an intention to sell. Then the company makes their ridiculous pitch for fro. The stock plunges $10 in 1 day & $3 the next day. Hmmm wonder if these high flying execs consider the sh....appears that they really don't give a rats a$$ about us.

OK that's all the whining for now:O)!! Other than that the market has been treating me well, once I figured out that the tech stocks, not the commodities were the place to be. Never did get back into csco or sunw....might still be an opportunity in the summer? Pretty low trading volume the last month on both the nasdaq & s&p, so appears that interest is waning as we get into the summer vacation period.

BTW did you get into arba? I am short in the mid $80's as you know & plan to short right up to $130 (if it goes that high). Plan to go long somewhere below $55.

Good to hear from you, Rick