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Technology Stocks : DoubleClick Inc (DCLK)
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To: phil davidson who wrote (871)3/18/1999 5:06:00 PM
From: shahn  Read Replies (1) of 2902
 
Buried in the announcment of 200 million convertible
notes successfully placed by DCLK recently, it says the creditors
can convert to commont stock at $165. Back when it was
$133 a few days ago this told me that the 'smart money' expect
the stock to go on up from 165 so it was a no brainer to
keep holding till then.

Alas (?) we already reached that target at one point today.
Does anyone else think these notes at 165 will be a damper
on further progress much beyond that?

Shahn
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