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Technology Stocks : AboveNet Communications, Inc. (ABOV) -- Ignore unavailable to you. Want to Upgrade?

To: BigAppleBoy who wrote (205)	3/31/1999 1:48:00 PM
From: Mr. Miller	Respond to of 835

You are willing to short an internet? Not smart. Even if I thought this "should" go down, you never know what is around the corner. A deal with YHOO? A deal with AOL? An ambitious analyst sets a target price of $200.....AND BAMMMMMMMMMMMM! $200. You just do not want to short these internets, but good luck! DCLK is a case in point. They went from $90 to $190 in a short time, and they are still there, after a long run to $90. These internets are not companies to short. The stock price is doing very well, and we will need to consolidate(which could easily mean a couple weeks of sideways movement), but I think you are ridiculous to think you will get a ten-bagger to the downside. Our market cap is a mere $1.5 billion. That is cheap compared to most internet stocks who dominate their niche. The fact that it is an infrastructure play gives it even more power to the upside longterm. Miller