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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Sandra who wrote (1607)	9/14/1998 12:28:00 AM
From: Jane4IceCream	Respond to of 7247

Hi Sandra!! You know me, always have thoughts about something!! ABTE...might not be too late though I have an itchy trigger finger on it :-) USWB...know it well. Played it at the IPO of $9, rode it up into the high $20's (missed out on $38) and then shorted it on the backslide down to $15 (missed the bottom). The company definitely has their niche on the Internet....setting up, customizing, and maintaining of professional websites for major corporations...and the list is very impressive. The recent acquisition of the marketing company will only enhance future earnings. I have heard through the grapevine that they might squueze out positive earnings for the first time this quarter. My problem with USWB is moving too fast (spending bucks) to acquire mom and pop operations and taking on a heavy load..ie...spreading itself too thin. Margins are not there yet, along with the current' turmoil in Internet stocks. Have been thinking of re-entering long because I believe at this price its a steal...yet...is this a good play compared to other beaten down Internet stocks? I dont know. If we can get some kind of whisper number and some analyst upgrades for USWB it would be good for another play. This stock does move fast when the market conditions are favourable. Keep your eyes on it:-) Have a nice eve, jane of California