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

To: David and Elena Krikorian who wrote (464)	5/3/1999 10:58:00 PM
From: Mr. Miller	Respond to of 835

Abovenet is no Microsoft. Microsoft is a well-established company, and ABOV is a speculative internet, at best. Investing in this company is very risky. However, it is one of the better internets, and will continue to perform for its relative position in co-locations services. Best to order an investor packet from IR to fully understand what the company wants and can do. I can not do this company justice. I invest in many companies, but most do not need support as this one does. The small caps I have that need coverage, or are new, need this type of informative postings for new investors to see. I am definitely pro ABOV, so a short angle would be useful to keep perspective. A useful short that is. This is not uncommon on wallstreet. I recall two angles on AMZN once. Once said it was a $300 stock, while the other said it was worth $50. In this sector, and in this market, there was no doubt in my mind who would win that bet. I have followed the fiberoptic companies since QWST came public last year along with MFNX before that. I also have watched GBLX balloon up nicely. Williams Communications is coming public(spun off from WMB) soon and will enjoy similar success. I recall MFNX going through a period of consolidation(which now shows up as a blip between a high of $19 and a low of about $11) on its way higher. That drop was about 40%-45%. We are currently in a 45% tailspin. Nobody talks about those fiberoptic companies' valuations. Or, how about that of ATHM. Perhaps the most overpriced stock of all time...until PCLN came along. I have placed the coverpage with pertinent facts for ABOV. New individuals can use it as a starting point, but any serious investor has to know that it is not the complete picture, as space does not permit. Best to get an Investor packet and read for yourselves what ABOV is doing. One note. ABOV is NOT in the business of webhosting. It actually partners with webhosters, ISPs and content providers. Nice model. 50-day moving average is about $81-$82. This is the support that I am watching very closely. If we stay above this level, we will be fine short-term. Fall below it and we may get caught up in the average's winds for a couple weeks. One last thing. I have been accused of hyping this stock's SPO's price. The prices I listed came straight from the S-1(and addended S-1) off the SEC pages. If anyone hyped, it was our very own company, probably looking to generate enthusiasm for the higher price. Can you blame them? The $85 price tag was bad timing. The internets are consolidating as a whole right now, and ABOV paid dearly for it. Quiet period ends Wednesday, May 5th. The 2:1 split takes place Friday, May 7th, at the close. Miller Long ABOV