SI
SI
discoversearch

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 : Rhythms NetConnections Inc. (RTHM) -- Ignore unavailable to you. Want to Upgrade?


To: Ed McCloskey who wrote (198)12/5/1999 10:44:00 AM
From: rrufff  Respond to of 378
 
Tax selling that will continue until end of year. This is one of few tech stocks that situation allows for tax selling.

It is still a high value based on current revenue and earnings but no more so than any internuts or spec telcos.

I think it will turn around but not until Y2K and tax selling is over in the next few weeks.



To: Ed McCloskey who wrote (198)12/5/1999 2:48:00 PM
From: Tony Wang  Respond to of 378
 
I think it has got to hold $32 a share. It breaks that it is going back toward the lows of $26. Maybe more. This is where the longs earn their keep. Trading and investing is not easy money like some people would like to think.
I think this is just merely a correction from the move from 26 3/4 to 48. It is a little deep, I admit, but look at ATHM; they went from 33 to 50 and back to 36 7/8 and is now at 52. So, I am sort of expecting the same for RTHM.
Holding 30-32 would be a good sign. Before the next upward gear shift.