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

To: Suzanne Newsome who wrote (1798)	3/20/2001 3:21:24 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 2110

>I am trying to choose an entry point to this stock< I've wanted to own this stock for a long time, but didn't dare on the upswing to its highs, nor did I dare to buy it on its way down. But finally, the doom and gloom in the overall mkt seemed to reach a crescendo last week. And I noticed that, over the last week, ARBA seemed to have found a floor at around $10. Which was a bit below the original IPO price. And according to Yahoo profile page for the stock, "book value" is $12.90. So I figured, what we have here is a bargain, if you believe that what the company is selling is a product with a bright future. The other thing that made me take the dip this morning, was you know the adage, "three steps and a stumble", referring to the Fed raising interest rates three times, then the market usually stumbles (which it eventually did). Seems to me that the flip-side of that might also hold true: Three cuts, and the market recovers. Anyway, I put in mkt orders on Sunday night, and they filled Monday at the open for $10.75/shr. I don't have much left of all the money I've lost in this market since 1996, but such as I have, I've put into Ariba. Again it's not a lot so I don't care a whole lot one way or the other. I usually don't follow the market on a daily basis, and I will hold for a minimum of a year, and then I'll re-evaluate. ------ Unrelated to the above, here's an interesting tid-bit: One former manager at Ariba Inc. (NasdaqNM:ARBA - news), based in Mountain View, Calif., based his decision to work for the business-to-business software company almost entirely on the stock option package that was offered to him. He quit for the same reason less than one year later. Shares of Ariba, which traded at roughly $80 when he joined the company in May 2000, are now hovering around $10. The former manager, who would only speak on condition of anonymity, had been expecting the stock to rebound to its high of $180, bringing him a $1 million windfall. ``I didn't know if the stock was ever going to get back up to $180 and I couldn't pin my career on that,'' he said. ``I think there are other people in that kind of position.'' ---------- biz.yahoo.com I wonder what glorious company he found to work at, so he could make his million that he feels he so deserves? Poor guy. I should send him some money.