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

To: Bill Hanna who wrote (351)	4/7/1999 9:06:00 PM
From: coachbobknight	Read Replies (1) \| Respond to of 835

Bill--i was not speaking to you when i said that... i addressed my post to you because yours was the most recent... you seem to be an informed investor...my post was directed at the lemmings who have been buying this thing above 100... most of these newbies don't even understand that a secondary is considered bad for existing shareholders... these folks are so new to investing...they are clueless... i salute you for your paper profits in abov... coach knight

To: Bill Hanna who wrote (351)	4/8/1999 7:31:00 PM
From: Phil Jacobson	Read Replies (1) \| Respond to of 835

Bill, I'm short ABOV and you know what...I agree with you. GBIX did their secondary right around it's record high. Then it soared afterward as well (after a few days). I didn't short because of any trading theories. I shorted because the company has no business trading anywhere near $100. And I happen to own plenty of internuts. This company was lucky to be as high as $30. Above that was all hype and momentum trading. Just IMHO. I don't think it'll drop as low as that, but $70 would be very do-able. Phil