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Technology Stocks : Pacific Century CyberWorks (PCW, PCWKF)
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To: Todd R. Levine who wrote (597)3/5/2000 9:47:00 PM
From: IngotWeTrust  Read Replies (1) of 4541
 
It was hard not to buy in on the rally, Todd, and I'm sure you have lots of company.

My W.A.G. as to why you aren't seeing any targets is because the young Li has now to quite waving his arms in the air and talking about what he's going to do and actually unlock valu and lead.

Merry has posted about the huge overhang in this stock by the "swap" by London's C&W (54% owner) of $500 million worth of their PCCW stock & Cash offer to CMGI for a block of CMGIs. Not all the "lessor" are going to do the same, but it is a giving, IMO, that several million shares will hit the market for whatever reason, and that kind of "distribution" will be hard on existing shareholders who are in at your price.

On the plus side will be an attempt to keep the PCCW shares value bid-up until everyone has inked the deal so that there is perceived to be PCCW value as to not derail the merger.

So it is nail-bitting time as all putting out buy recommendations are scratching their heads trying to guess a new target price. Probably best to rely upon old hopes and dreams Price argets utterances made BEFORE the 2wk marathon Li negotiation and its now known outcome, and then tack on a few US pennies.

Probably would be good to spend a few hours perusing previous posts on this thread, scouting out what said "brokerage prognosticators" had to say prior to 3 wks ago to gain some PoM, ok?

Good Luck
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