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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: dallas12 who wrote (41937)11/22/2000 11:32:23 AM
From: maverick61  Respond to of 57584
 
dallas - re: Aeth - per Briefing.com

10:45 ET Aether Systems (AETH) 61 1/2 -19 1/2: Stock probably being hit for two reasons: Merrill Lynch says that rumors yesterday of reduced subscriber growth were probably wrong, but firm does note that stock remains expensive. Perhaps the more important factor is the NTT DoCoMo stake in AT&T Wireless (AWE) -- as noted earlier with Openwave (OPWV -20 1/8), DoCoMo's i-mode is a threat to Openwave; Aether partners with Openwave and sells to AT&T Wireless, which may explain its sharp decline today.



To: dallas12 who wrote (41937)11/22/2000 11:55:27 AM
From: Rande Is  Read Replies (4) | Respond to of 57584
 
AETH was mugged. Plain and simple. Forget Briefing.com. They are just guessing. It was still flying high and was still enjoying a high valuation. . .there were no buyers and it was an obvious short-sell POUNCE. Easily my biggest money-maker today. . . and easily the biggest no-brainer play. Expect many more such slams today and Friday.

'Don't fight the ticker' has taken on new meaning in this highly volatile and highly manipulated new marketplace.

Rande Is