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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: Tatnic who wrote (478)3/28/1999 7:54:00 AM
From: Kimberly Lee  Respond to of 108040
 
I expect a gap up open for ABTL tomorrow. The panic selling on Friday seems way overdone, besides, many prospective buyers of the stock did not expect the stock to open until Monday. Highly favorable coverage by most of the press can only help. Steve Harmon, for instance, believes that Microsoft Carpoint, AutoByTel.com and AutoWeb (not too sure about the third one) can easily become the Avis, Hertz and National in this category among net stocks.

Of course there is the risk of the broad market weakness. Nasdaq looks weak so is the entire market. Dangerous weekend developments in Kosovo, as you point out, can compound the angst.

But overall, I feel sufficiently comfortable with the position I initiated near the close (I did sell 1/2 of IPO shares in the 50s, before Anthony started shorting it).