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Technology Stocks : FreeMarkets Inc-(FMKT) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (245)	1/20/2000 9:36:00 PM
From: Steve Antonelli	Read Replies (1) \| Respond to of 414

Quite frankly Tom, what I know about Freemarkets is what was disclosed in the prospectus, which I read a few weeks before the IPO. I think they are a unique company in a hot sector, and I think they are ahead or at least near the lead in this B2B auction field. I don't have any intention of laying out for you the things you would like to discuss. I will wait and see what they report for earnings and evaluate how they are growing. That will be my yardstick for determining how long I stay with this company. If they have just added a ton of companies to their portfolio in the last few months as they claim in their last press release, right now that is good enough for me. Over time, I will get to know the company better. I was fortunate enough to get 50 shares at IPO for $48. So I'm sitting on close to a 400% gain. My strategy before I even got the shares was to hold for at least 5 months as a way of demonstrating to my broker that I will not flip IPO shares and therefore hopefully have an opportunity to get other IPO's down the road. If I come to like how FMKT develops over time, I may hold for much longer than 5 months. I really don't know right now. That is the best you are going to get from me. Certainly, anything you say will have zero affect on my decisions.

To: Tom Hua who wrote (245)	1/20/2000 9:49:00 PM
From: rdmsqito	Read Replies (1) \| Respond to of 414

Tom- You talk a lot about the lawsuits but do you actually believe that management knew GM would be leaving and failed to disclose it in the prospectus? I don't. I don't think it would have gotten past MSCO and MLCO. Honestly anyone who paid 300+ for this company simply because GM was a customer deserves whatever they got. I don't blame you for going short, that's your perogative, but where were you a couple of weeks ago? This was an awesome short at 340 when the GM news broke. I was amazed at how hard everyone ran for the exits. I went long at 238 on the premise that momentum would shift when they announced some new big customers and GM would be forgotten. I honestly hope your short works out for you only so I may have another chance to add to my position. I got greedy when she couldn't hold 200 and was waiting for 150 to add(I would've had it yesterday if not for the news release). I'd like another shot at 200, I'm in here for the long haul. I'd also like to know what b2b auction IPOs you are referring to, I don't see anything up for tomorrow at all except for NEOF.