WavePhore (WAVO)- VBI fed WaveTop for WebTV Message Board

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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV

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To: AJ Berger who wrote (902)	2/20/1998 9:54:00 AM
From: AJ Berger	Read Replies (1) of 2843

Speculation of Intels growing Internet interest fnews.yahoo.com CNWK, LCOS, are at ridiculous valuations. and CMGI already met it's $40 "target" price. I would tread cautiously with these stocks now that they're all above $30 per share. If you date back on all those theads you will see that I was long below $30 and a short at $40. I doubt CNWK & LCOS will break significantly above this trading range that momentum players seem to love. However CMGI is seen as sort of an Internet Mutual fund, and just might go higher from here. But considering it was $20 only 3 months ago, it's had quite a run already. For those considering Shorting these stocks I would suggest waiting until another market downturn. Internet stocks are usually the last ones to fall when the rest of the market's in trouble, so you should have lots of time to choose the right moment.

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