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Technology Stocks : Ariba Technologies (Nasdaq-ARBA) -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (1101)	9/10/2000 3:09:28 PM
From: Michael Auth	Respond to of 2110

Looking back, a short at 170 would have been a good move, why anyone would short here is beyond me. If you want to short ARBA at least wait till the trend changes, remember the "trend is your friend" and the uptrend is still firmly in place. The latest move down has been on average volume, which leads me to belive there's not much conviction. The b2b sector is still strong, just take a look at what CMRC and PPRO did on Friday. With that said, I do expect more selling in ARBA Monday, but bullish momentum traders will resurface in the shares of ARBA due to the current positive technical posture of the stock. On A valuation basis there's no doubt that ARBA is overvalued, but momentum is stronger than valuation. On a close below 144 I would sell and go short, but I don't see that happening. ARBA will most likely capitulate early this week and resume the upward move.