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Technology Stocks : Autobytel (ABTL) - Buy Autos online -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (278)	5/18/1999 9:55:00 AM
From: Alomex	Read Replies (1) \| Respond to of 594

Where is the value added to the consumer vs. other car info providers? Largest distributor network. Why would you go to ABTL when you are in the market for a new car? Lowest prices on the market, perhaps?

To: peter michaelson who wrote (278)	5/18/1999 10:38:00 AM
From: RFF	Read Replies (1) \| Respond to of 594

I think part of the value added is the "type" of transaction that dealers who affiliate with ABTL are "required" to follow. They are trained by ABTL and are supposed to have a quick and straight forward response to purchase request - supposed to make the buying process quick, painless and for lower prices. This may be hard to "see" when you visit the site, but bran reputation is developing - may need to do a better job of marketing this concept. I actually bought a car through them almost three years ago. I thought the experience was good then, but I'm sure they have improved things alot since then.....

To: peter michaelson who wrote (278)	5/18/1999 5:26:00 PM
From: Tom Hua	Read Replies (1) \| Respond to of 594

Peter, I bought ABTL at its IPO price yesterday (23) and doubled up at 22 1/8 today. As with any net stocks, I own them for short term trading purposes, not on fundamentals. I have a simple rule of thumb for buying "hot" IPOs aftermarket. My buy price is: BUY = x + 0.5*(y - x) where x is the offering price, y is the first day high. For ABTL, x=23, y=58. But I didn't buy at $41 because it wasn't that "hot". However, I'm willing to buy at 23, knowing that very few net stocks fall much below ipo prices. The CEO's interview yesterday gave me further confidence that a bounce is most likely in the near future. Regards, Tom