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Technology Stocks : juno.com (JWEB)----IPO -- Ignore unavailable to you. Want to Upgrade?

To: rdmsqito who wrote (143)	6/24/1999 11:01:00 PM
From: SJS	Respond to of 510

Yeah...it's fine. I was expecting a slow move up for JUNO, but this is nice and torture at the same time. As I mentioned before, it's rake'em and break'em, so be careful. No...AOL wouldn't even consider buying them for 100 share, not now at least. Let's see how their subscriber campaign goes...talk to me next year. However, I wouldn't short this stock now. It's going to move higher because right now greed outrules fear. From the way these guys think of it, there's minimal 3-5 downside points and much more upside possible so the risk reward is heavily skewed in favor of the long buyer. That little downside is noise as compared to the upside gain. And that's really true. If I were a shorter, I'd hold my powder and let it run more. And it will run, too. It's behaving well, backing and filling, and running into the close. It will gap open up tomorrow and probably have a good day. You might see it back off (weekend and all that....), but I wouldn't be too nervous at that unless you're really concerned about changing your stripes from LT to ST, or even lower.........to a trader!! Remember, it also the "height" of the stock. For example, if a stock gap opens up, like ARBA did yesterday, there's MUCH more downside possible, and the risk reward is razor sharp, but pointing the wrong way. With no denial and plenty of no comments, this will continue to froth until it's denied, or confirmed. However, play it anyway your wallet and mind will let you.... Regards, Steve