Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Alteon WebSystems Inc-(ATON) -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (357)	11/2/1999 6:03:00 PM
From: ladychristine	Read Replies (3) \| Respond to of 414

Even though your statement may be accurate, there is no logic to your implied hypothesis. If you're a "trader" only, then lack of a 3 day consecutive stock price increase may have some meaning. The facts are that ATON closed the first day of trading from the IPO at 75, one of the top performing IPO's of the year. The closing price today, is 78, or 3 points higher. Volatility is part of the territory for new IPO's, and it has traded from 68-122. The fundamentals are strong, and ATON is undervalued relative to competitors, but let's not forget that ATON has only had 27 actual trading days, not even enough time to validate a chart or trading pattern. People buy and sell stock for many reasons, but I've never heard (not having had more than 2 up days in a row) as a reason for profit taking. I guess it's all about expectations.. I buy on fundamentals and technicals..and I expect ATON to be a winner for a long time. Regards, Christine