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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: Jim B who wrote (73979)	2/10/2000 9:42:00 PM
From: gizmo&jack	Read Replies (1) \| Respond to of 108040

Was out today, but still bought lots of WITS at the open. Set limit of 50 and naturally was filled. I am quite surprised that this did not do much better, but I am not complaining. Will hold for a while. People really missed the boat here. (1) This has first mover advantage in a huge industry. (2) The valuation is really cheap, period. I know it is a real simple method, but I have been valuing many of the recent IPOs at 400X last quarter revenues and have been right on the money most of the time. Just go back and check the numbers. Anyway, WITS 4Q revs were $8 million which implies a market cap of $3.2 billion. It is 25% of that. This is an easy 100 stock and like so many others, it is just a matter of when, not if. (3) You never know with all of the new IPOs coming, but it would surprise me if this tanks tomorrow seeing that an entirely new base was set today with the float trading twice. (4) Do your dd on this one. Check out the clients, the growth rate, the technology the industry, research, etc. Haven't found anything to dislike. Actually, found lots that I like, alot. (PS: DMRC finally gave everyone a little dip to take advantage of on absurdly low volume. With earnings on Wednesday, there is probably one more day to get in before people start really focusing on this outstanding company next week. I can't remember the last time I was this excited about a stock).