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Technology Stocks : Overture (OVER) formerly (GOTO) -- Ignore unavailable to you. Want to Upgrade?

To: brk who wrote (85)	4/24/2002 4:02:05 PM
From: Ryan Bartholomew	Read Replies (1) \| Respond to of 429

Thank you. I closed my FWHT position again as well. NOT because I dont still like them long term, but just because I think they are fairly valued right now. I am likely to get back in again as soon as I think they are no longer fairly valued. OVER is having some interesting action today. A 10 minute spike up to 28 an hour ago. Earnings and word on the AOL deal will be coming out within 24 hours. I am confident that earnings will be excellent, and that will put upward pressure on the stock. The AOL renewal is the wildcard though. If they renew under favorable terms, OVER could easily hit 35+ in the next couple of days. If not, it could go as low as the upper teens if earnings disappoint, but with the good earnings I expect I think the downside wont be too harsh - maybe a few points. Just as in the case with FWHT though, the long-run looks bright. Very bright. You cant go wrong by buying and holding... I just try to leverage the swings a bit with my options because I have a good feel for when it is undervalued. I have a lot of May 30 calls, so if things go the way I think they will I should be in good shape.