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


To: gladman who wrote (379)9/27/1999 4:24:00 PM
From: Greg S.  Read Replies (2) | Respond to of 2110
 
Kicking myself. I almost shorted this one at today 197. Kudos to all those who spotted the peak! ;)

ARBA looks like a pretty good long-term play. I'm not going to spout off about "ridiculous valuations" and all that because I don't believe it. But what I do believe is that the market is due for a major correction in the next two or three weeks and so I'm holding out from buying until afterward (if it actually happens ...) So forgive me if I'm hoping this stock takes a dive very soon .. but for the long-term I say up up and away.

I'm just curious but with all the good news and everything, why did it close down, especially being a stellar performer on a great market day? Profit taking? Any big blocks moving across the tape?

-G