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Strategies & Market Trends : Shorting stocks: High fliers -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (670)	7/7/1999 10:01:00 AM
From: Mad2	Read Replies (1) \| Respond to of 709

Thanks, I think today will be interesting with a number of issues fighting to break resistance (AOL as example). Big question is will they break or will they retreat. From the looks of yesterdays close and todays open signs of retreat are in the air. Ralph is obviously bullish and gave the market gas yesterday. BTW CUST looks ripe for a good short. They came out with the explination (that they've been hyping for a month or so) of their technology and it looks feeble. No guarentee of any customers etc.. till end of year. My bet is they drift lower from where they're at. Best Regards, Mad2

To: RockyBalboa who wrote (670)	7/7/1999 9:26:00 PM
From: Mad2	Read Replies (1) \| Respond to of 709

Stream, did you see NEON today? They're a competitor of BEAS. Apparantly NEON put out a earnings warning indicated that their sales cyle is lengthening. Stock droped 58% Ouch Can't really picture the software guys closing and delivering much in the way of new clients for and big software products in the next 6 months, unless they want to discount product and get custoomers signed up. Best Regards, Mad2

To: RockyBalboa who wrote (670)	7/7/1999 10:35:00 PM
From: ynot	Read Replies (1) \| Respond to of 709

this is same for ERP market...no new sales, very experienced programmers, implementors returning to UK, Canada and India, yet prices and volumes are 'running' or being 'run' a few very notable exceptions of course, ORCL (very small ERP $) IBM, ITWO (segment gorrilla), among others, but it is brutal for SAP BAAN PSFT etc... The consultancies are just about underwater and the 'job sites' are begging for subscription fees BVSN will see the same, imho BEAS, with no spending on ERP and website integration projects shrinking and budgets frozen until Q2 or Q3 of next year, there could be trouble just a thought ynot ;)