To: Roy F who wrote (29164 ) 8/12/1999 9:10:00 AM From: gizelle otero Respond to of 41369
"Tech Rap" - 12 August 99 visit the Tech Guys soon at techrap.com Hi Guys: Gary: Yesterday marked a technical turning point for eBAY stock. We believe that the corner has been turned and eBAY will trade higher in the coming months. For that reason, we are issuing a big Tech Rap BUY-BUY-BUY on eBAY stock this morning. Howard: ...that's opposed to an EYE-EYE-BLACK EYE! rating that other internet stocks, like CMGI, are getting as a result of their technicals continuing to deteriorate. Gary: Seriously, though. Its very interesting that eBAY is starting to show some sign of strength here. We are seeing a real divergance among the internets, with AOL, eBAY, Amazon, and Yahoo! beginning to turn higher. A lot of these (other) internet stocks are going to go lower, some to zero. Howard: The quality issues are real steals at these levels! We haven't seen such oversold conditions in quite some time. Gary: I wouldn't be surprised to see all four of the ones I mentioned 10-20% higher in a week. Remember, we are heading into the biggest internet buying period of the year. The October-January time frame could certainly make 2000 a year to remember for internet sales. Howard: I bet a year from now, you are going to have people kicking themselves...just thinking "I could have had eBAY at $90. God, at one point, you could have had all four (eBAY, Amazon, Yhoo!, AOL) at under $100! Gary: Just stay away from the second, third, and "n-th" tier players. Their best hope is to get bought out by the big four. Howard: Then, there's ones like AtHome/Excite. Is there a place for them? I really don't know. Gary: Broadvision's looking good. BVSN hasn't been mentioned at all and it's up 20% in two days. It might be the only internet that hasn't gone down. Howard: I'm thinking buyout - - probably Microsoft.