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Technology Stocks : CNET: The Computer Network (NASDAQ:CNET) -- Ignore unavailable to you. Want to Upgrade?


To: Shtirlitz who wrote (895)5/20/1999 4:23:00 PM
From: Apache Indian  Read Replies (1) | Respond to of 1133
 
back to 124 at close. maybe it was the market. maybe it wasn't. This stock has had at least 10 great news items in the last 2 months, but the end result isn't much. You are right, if you are a nimble daytrader you can make money.. not otherwise.

Now I know people who'll claim that this stock is up 300% this year alone, but I haven't been lucky enough to be a part of that, so I'll accept that, but lets talk about the future,,going forward. Is Cnet exhausted ? is this stock saying there's no upside left to it anymore ?? why does it keep bouncing back to $124 ? is it fully valued at this point ??? I dumped my May calls a few days ago, and din't lose much looking at how it closed, but am always inclined to get back in.. any ideas or price targets ?

I believe thats the problem.. nobody has any price target higher than 150 at this point, thats why we see it going down again and again