Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Sotheby's (BID) Auction House -- Ignore unavailable to you. Want to Upgrade?

To: Steve Andrew who wrote (140)	1/22/1999 6:58:00 PM
From: Iceberg	Read Replies (1) \| Respond to of 236

>I'll try to help you momentum driven trading fools Steve, In what way is your post a help? Perhaps I missed something. Ice

To: Steve Andrew who wrote (140)	1/23/1999 8:31:00 PM
From: MJ	Read Replies (1) \| Respond to of 236

Steve Andrew If Christies were a publicly held company, I would own both Chr. and Soth., given that they are both major players in the collecting field. As for your statement re. Jan. 26th, we will know whether or not it is rumor then. This will not affect my decision re. BID. I think it significant that Morgan Stanley increased their recommendation on Sotheby's. First target price is 44 accdg. to my broker. Another company has increased its rating on Sotheby's with a target price of 61----picked up on Yahoo thread. Another letter which I take still has BID on its continuing buy list---has had it there for two years. In this market, those price targets can be reached quickly. The decision for a long is then whether to sell and take profits or add to position as the stock corrects. This is all rather elementary. And, of course the shorts sell in hopes of stock going down so they can cover. I don't believe that Sotheby's will be an instant $100.00 stock as some people have indicated. I am skeptical of a major move straight up from here----may take more time. (Several months from now I would like to look back and say the Amazon type enthusiasts are correct and I am wrong and see BID at $300.) In the meantime, I am being very conservative with BID. mj