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.

Technology Stocks : DoubleClick Inc (DCLK) -- Ignore unavailable to you. Want to Upgrade?

To: dabadabadoo who wrote (1331)	4/7/1999 11:41:00 PM
From: David Spruiell	Read Replies (1) \| Respond to of 2902

I sold today too. The rumor was that YHOO would sell off tomorrow even if they made better than expected. Well they made $0.11/share, Great, and I saw trades up to $112 on instanet. My thinking was that DCLK may sell in sympathy with YHOO, well it may rise with it. So much for my logic. I will look to reenter if there is a pull back between now and earnings(April 27). Good trading to all David

To: dabadabadoo who wrote (1331)	4/8/1999 1:37:00 AM
From: Sanjay Varma	Read Replies (1) \| Respond to of 2902

Hey daba-- My reasons for selling DCLK at $130/share have more to do with a gut feeling than anything. Perhaps the run up will continue, but I feel a major correction is due before the next significant rise. Additionally, I don't believe that $5 billion in market cap is justified at this point, even if earnings are stellar. Finally, I don't think the internet sector will sustain this momentum during earnings season, and I think the whole sector will drop after earnings season. I don't like the way the "broadband" (athm, bcst, rnwk) stocks all rose last week, followed by "blue chips" (aol, yhoo), followed by online bank and investing stocks (etrade, ameritrade, ntbk, sone), followed by the fourth wave which has included DCLK and second-tier .com companies like AHWY. This is pure momentum. I'm getting out because I'm satisfied with the gain so far and value peace of mind. I will continue to monitor this SI thread, though, and look forward to reading all your posts, and buying back in after a few months. Good luck, everyone. -Sanjay