Just for Grins.. here's the post from January
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To: James Sinclair who wrote (993)
From: JeanD Friday, Jan 29 1999 12:27PM ET
Respond to Post # 995 of 1826
Maybe this is why OMKT is going up.
From the Street.Com
Open Market (OMKT) develops, markets, licenses and supports enterprise-class, packaged application software products and professional services enabling its customers to engage in Internet commerce, info commerce and publishing. According to rumors, OMKT gave Microsoft some serious heart burn when OMKT rejected an acquisition offer from MS several months ago. Now, StreetQ has heard rumors that
Cisco and Compaq will be announcing an e-Commerce alliance with Open Market. Given the volatility of e-Commerce stocks, a press release about these potent alliances could cause a resurgence in OMKT's stock price.
Apparently, OMKT is extremely hot on Wall Street, as it seems to be drawing the interests of institutional investors (generally a crowd that is averse to the excesses and volatiability of Internet stocks). Investment powerhouse Goldman Sachs is recommending OMKT with a 12 month price target of $90 (i.e., if it doesn't get bought out before then) and this could be a reason why OMKT's average trade sizes are going up. (An average of 1200 shares change hands per trade. This figure is signficantly higher than the average trade size of retail Internet stocks.)
On Thursday, OMKT closed at $12 7/8. It rose 4.04% or 1/2 on the day. Keep your eyes locked on OMKT. This could be a winner. |
