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Technology Stocks : Autobytel (ABTL) - Buy Autos online -- Ignore unavailable to you. Want to Upgrade?


To: Andrew T who wrote (559)2/8/2000 10:27:00 PM
From: Crystal ball  Respond to of 594
 
My only regret: I didn't buy 10,000 to 20,000 shares at 9.75 (low 9 11/16 + 1/16 spread), I would already be at $13 today $32,500 ahead on a puny $100K investment, yes folks thats 32.5% on your money in two days!!!! Instead I wasn't looking closely and got caught up in the other good buys, and never stop to think about the ABTL rock bottom bargain. I think bottom fishing this one is over, its going to keep going up. I listened to the CEO on CNBC and he has this company's business model on track, on the main road, no exits no detours, they are selling in every state in the US and province in Canada, in every country in Europe, every county in Britain and every prefecture in Japan. They at least know who has the money, who buys cars, who has computers, and who can, will and does buy cars online.
I think thats the news that is now sinking in deep. Cars and Car Ads together are over a $3 Trillion Dollar marketplace, and Autobytel has almost half of the online marketspace and sales. Lets see how long it takes to hit $60. For me this one is a keeper, not a trade, so I am long term, and I hate being long term on anything much in this market, except maybe CSCO/INTC etc. bluechip techs....oh yeah, and Go2net (GNET) did you hear about Russell and the NDB?
I am,
Truly your$,
-Crystal Ball