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To: Ryan Rumanang who wrote (3669)12/30/1998 10:08:00 PM
From: Sy Eisenfeld  Respond to of 29970
 
hi everybody,from time to time I check out this site.Anyway at the Yahoo bulliten board,it was said the Bay Networks just sold 75,000 shares. I hadstop at 70 and got stopped out and made a decision to buy 140 back at the open.and will buy more if athm goes up during the day. But who knows.



To: Ryan Rumanang who wrote (3669)12/31/1998 1:26:00 AM
From: FR1  Respond to of 29970
 
I'm beginning to believe what some of the talking heads on TV have to say. They are pointing out that the dynamics of the market are changing. On-line investing is becoming so big that the average direct investor has now become a major force. It kind of fits what we are seeing. We used to see institutions sell off big just before Christmas and then after Christmas there would be a weak to moderate rally in the last week of the year (hence the famous "Santa Claus bounce" phrase). This year it looks more like what a individual investor would do. Buy stocks right up to the end of the year. It's only around the last week that you know exactly how much stock you can dump for profit. You then sell the stocks that seem to have run up too much (YHOO, AMZN, etc). Then you can buy them back in the New Year.

I think we will have the normal January rally which gets real strong by the 15th. AMZN is splitting, YHOO will announce a split, and the earnings should be big for on-line businesses.

Then, at the end of January, comes the real challenge. Everyone will be saying to themselves: Let's see, Christmas is over, the big earnings are over, now what is this business going to do to make the gains I need to see?

I think ATHM is in a good position. T and TCI announced that in Feb their stockholders will vote on the merger. We should get closure around then and, hopefully, T will start writing some checks and kicking some ass.