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

To: Lucky888 who wrote (225)	8/4/1999 11:05:00 AM
From: Wizard	Read Replies (2) \| Respond to of 2110

I am averaging in and have a solid position now. ARBA is a big company waiting to happen. I love first-mover companies participating in very large markets where its just about execution. Ariba is a beneficiary of the 'network effect' (power of a network grows exponentially when members are added) and nearly all of the risk is in the volatility of the stock, not the underlying business. There is a basic rule proven over and over again which is to buy the leader into what will be very healthy industry growth and ride the wave. Operational resource procurement is the biggest piece of B2B ecommerce and it just so happens that Ariba has the customer references and 'industy buzz' to turn it into an 800-pound gorilla. It might be trading at $60 tomorrow morning but that really isn't what I am focused on because it could also be $85. I have a relatively diversified portfolio and want to use the current correction to reweight my portfolio in favor of the best companies. Ariba is down 45% off its high, that seems like a solid post-ipo correction and a decent entry point.