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Technology Stocks : Charter Communications (CHTR) -- Ignore unavailable to you. Want to Upgrade?

To: coderus who wrote (662)	11/17/1999 10:58:00 PM
From: HeatherN	Read Replies (1) \| Respond to of 2437

coderus, Don't worry... you don't have to get a tattoo or anything to be in this "club" but I also am interested in technical discussions. In particular, technical analysis although it is too early in the game for much more than a "tea leaves" reading. Due to the very large offering, the CHTR IPO did not experience the ballistic rise in the first several days as we have come to expect from strong companies in the internet-related sector. There are many of us who are Paul Allen fans and look forward to the implementation of his Wired World concept, however, the word is really just getting out to the majority of investors. His cover of Forbes this week should draw a little attention as well as blurbs in major news weeklies like TIME and Newsweek. Todays smallish volume was consistent with the pattern of the last several trading days, with the notable distinction of closing on the up side. CHTR is following a typical pattern post IPO (albeit one usually associated with non-internet offerings) where the first day or so's flurry of activity is followed by a small gains. Then comes the profit taking of the short term players. As the price dips closer to that of the offering, those who may have missed the first opportunity look again and see value. This post IPO lull is usually an attractive time to take a second look for me. The end of the quiet period should help, MSDW should say some kind words about this mega offering. Also, as Paul Allen companies come into play, this also should be good for CHTR. Finally, the issue of open access still looms. When this issue is resolved, or even properly addressed, the cable/DSL/AOL etc squabbling should quiet and let these companies concentrate on building out the network to the backlog of people waiting to become participants in the broadband revolution. Please let us know what you think..... Heather