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


To: Kracko who wrote (1390)11/8/2000 1:17:09 PM
From: Spytrdr  Read Replies (1) | Respond to of 2110
 
yes it did after an intraday fall to $ 98, then rebounded to $ 140 just as i predicted, where i said it would be reshortable again.
DITTO!
check the charts i posted yesterday.

this is the beautiful thing about trading vehicles divorced from fundamentals and levitating on thin air -> you can rely on charts ALONE.

because let's face it, anyone paying $ 40 billion for ARBA or any other such stock trading at almost 200 times/revenues, is not an investor, is a MANIAC who's counting on other MANIACS to keep buying his bloated merchandise.
but at some point this magic caroussel breaks.