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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: AlienTech who wrote (19163)	8/10/1999 1:09:00 AM
From: Jeff Jordan	Read Replies (1) \| Respond to of 43080

Well, I really hope it doesn't hit 30...I don't actually believe it's going to sell off much further with all the interest and speculation about buyouts and deals. The fact that the markets also may sell off a bit more doesn't really change the situation that much since it's not at it's 52 wk high but near it's 52 wk low.... valuation is a tricky question....you have the high demand bandwidth and Excite, one should expect high multiples. So in the end its all about what people are comfortable in paying....last week it was the mid 40's This week it appears to be a bargain.....if this is a gamble I hope I'm right. I don't think I make that many big mistakes when it comes to market timing...sometimes I'm just plain lucky!<g> We'll know soon enough. Jeff