To: Anthony@Pacific who wrote (47932 ) 12/23/1999 12:03:00 AM From: allen menglin chen Read Replies (1) | Respond to of 122087
The truth about EWEB -- what EWEB is really worth from a long-term EWEB investor who sold 1/2 of his position @ 16 today. ======================================================== A day's summary by: helmut_botti (24/M/Canterbury, UK) 12/22/99 6:50 pm Msg: 15817 of 16027 Let's start with the important thing: EWEB went up big time today. Why? There was a hype. I cannot believe the kind of nonsense I read on this board today. People shouting that there are a lot of people in Eastern Europe (really? PEOPLE, in Eastern Europe?), that the Dutch were investing in it (and boy do the Dutch know about investing), that $20 was easy today, this or that stock was the next high-flyer, blahblah. Also a lot of people compared EWEB with AOL. Well, if you make the effort to look it up, that you'll notice that this morning AOL and EWEB worth equally valued, according to the price/sales and price/book value, two important ratio's for evaluating Internet stocks. (This morning EWEB was 6 1/8.) I bought this stock two weeks ago at 4. I was in here long term, but decided to sell half this afternoon at 16. The reason? The investors that jumped in today. They invested small amounts. The average trading size was 491 (trading size got smaller as day progressed). So there in here for a quick buck and will get out as soon as they have it or realise they're not going to have it. Therefore I predict that the stock will go down in the near future (and I'll use the money I made to jump in again). It will go up again once the hype passes by. Because there really is a lot lot of potential in the Eastern European market. Trust me, I know, I'm European (not English, though). I don't care what happens with the other half of my shares tomorrow, I'm keeping them together with my ENON's. They are going to be two of the big European Internet winners, but give it some time, folks. I didn't want to insult the serious investors here (like mattstocks2). I just got extremely sick of the bullshit I saw here today messages.yahoo.com .