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To: radames who wrote (4772)8/9/1999 7:24:00 PM
From: Robert Rose  Respond to of 7772
 
<but ,,imo somthing must be up because the huge selloff didn't happen.>

Yes, the stock is finding some support here. It decisively bounced off its 200ma intraday last week, but is heading back toward it again.

Yet under the best of circumstances, even the qualified IT staff they have recently hired will require many, many months, if not longer, to rearchitect the system and seamlessly transition to it. In the meantime, there will likely be more outages to drag down earnings , auction growth, traffic, and investor expectations.

Moreover, the inets are far from out of the woods imo, and in the absence of any company-specific news, the stock will trade with its sector (down). Hopefully another intraday retest of its Feb low of 70 will mark an intermediate bottom for the stock.



To: radames who wrote (4772)8/9/1999 7:38:00 PM
From: Robert Brooks  Read Replies (2) | Respond to of 7772
 
Of course they could go down tonight......