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Technology Stocks : WebTrends Corporation [WEBT] -- Ignore unavailable to you. Want to Upgrade?

To: AJ Berger who wrote (469)	7/22/1999 2:11:00 PM
From: paper man	Respond to of 614

Al. a shame indeed. But I imagine that the faithful longs are firm, as i am. I have been watching the trading for about seven days now. I feel like the Market makers kept the lid on it up until Monday this week ( kept valuation of stock moderate, not real ) curious of results. Results are good, just maybe a little weak on buy side. I Have not seen any material sell pressure. MMs seem to be walking on low counter volume, and when buyers come in they jack the ask rapidly. Also, they have developed a noon time slide daily, by at least a dollar or more. I feel like I have seen alot of consolidation on behalf of the Mms.? i could be wrong, but feel like you in that the current valuation is short and will be looking for a last dip into 35.00 before we see a restoration back to say 41., on low volume. I think MMs have been trading alot amongst themselves. This stock has tight float and I doubt the IPO holders have liquidated> This is the type of IPO that deserves a hold on at leats half your position, especially with the early seconday which I surmise is being held very tight. my thoughts and glad to share them. If anything, we may have lost the traders for now. good luck