SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : RealNetworks (NASDAQ:RNWK)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DaYooper who wrote (4782)1/4/2000 6:56:00 AM
From: Thermidor  Read Replies (1) of 5843
 
In the last stock dip RNWK got as low as 88. I suspect this time we'll see a bottom at or near 100. However, if the market tanks all bets are off. I would guess that there is a lot of institutional money that's waiting on the sidelines hoping to squeeze every last dime out of the short driven panic. If I was on the sidelines that is what I'd be doing too.

Both in August and again in October what signaled the end of the slide was a couple of rapid buy orders on the magnitude of 50,000 to 150,000 shares at a particularly low share price. Until that happens I think we're going to continue to see a downward drift. Perhaps for as long as another two weeks.

RNWK does have a lot potential tricks up its sleeve. And no doubt in the coming weeks and months they will be used. However, this is the danger with highly valued Internet companies. As fast as they go up they can also go down. If it does get into the 90's I too will most certainly pick up some more stock.

In December I attended the Streaming Media West Conference in San Jose. And recently, I completed a business plan for a streaming media company. While writing that plan I was amazed by two things: RNWK's staggering hold on the market, and streaming media's incredible future. I've included a link to an article published by emarketer suggesting that the number of households connected to streaming video by 2007 is going to be as high 86 million! That's twice the number of households currently online in the USA right now. And that figure apparently leaves out adsl. Of course, this in only one projection and the figures could be way off. Still, even as broad strokes they point to a day in the not to distant future when a huge section of households in America will be broadband, and that of course will mean streaming media. No doubt between now and then a million things could unfold. There will be many software developments and corporate consolidations. However, if you had to put your money on the one company most likely to be at the center of this huge market shift, and I have, I'd have to say it's likely to be RNWK. That's probably why the recent buy order and $300 target was put out. As we move forward there will no doubt be more firms issuing buy orders as they seek add to their company's portfolios one of the central players in the coming broadband revolution.

emarketer.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News