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

To: MrGardener who wrote (463)	5/3/1999 9:56:00 PM
From: David and Elena Krikorian	Read Replies (1) \| Respond to of 835

Thank you Messers. Miller & Gardener, First off thank you both for your thoughts. I do appreciate the insight. I am not yet convinced of ABOV's long-term potential because I do not have a clear picture of their competitive position, pricing power, as well as the forces that effect consumer demand for co-location, peering etc.. I was kind of disappointed in ABOV price action today. To close down on one hand was IMO weak given the solid open. On the other hand , many times a double bottom is required to clear out the last remaining weak hands. There should be good support at the 78-80 range so the downside risk from hear appears to be minimal. The way I see it if the stock were to tank from hear (down to 60 lets say) I will average down. There simply can't be that much downside left. I do expect a rally in the techs in the AM. The concern I have is when was the last time you saw MSFT act this poorly. I did take today's markit actin as an opportunity to buy more SFE. I saw many net stocks down on low volume, which is usually a bullish sign. I will keep buying if they take the nets lower. Dave

To: MrGardener who wrote (463)	5/3/1999 10:07:00 PM
From: Impristine	Read Replies (1) \| Respond to of 835

Mr Gardner, Is this company still 'above' the Net, At what point, is it 'below' the net? will it 'bounce' off the net? will it 'bust' through the net? are these guys tightrope walkers?