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


To: flyboy who wrote (581)5/19/2000 9:22:00 AM
From: Alomex  Read Replies (1) | Respond to of 594
 
I've been bullish in ABTL for quite a while, but I'm starting to lose confidence. AOL signed up with Autoweb, Ford is starting its own web sales effort, EBAY is now competing with car auctions, Amazon partnered with a different web site.

The only upside I see on this stock is that it is a recession proof stock as during a recession, the price advantage of ABTL is magnified.

It reminds me of a similar dot-com play, programmers paradise that slowly bled the high 15 all the way down to 3 and still falling.