Netscape -- Giant Killer or Flash in the Pan? Message Board

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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan?

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To: Leo Francis who wrote (2627)	3/7/1998 12:54:00 PM
From: Stephen M. DeMoss	Read Replies (1) of 4903

Leo, I sold the March 20 calls at 13/4. I can buy back for about 3/4 or less with Monday's selloff<G>. You being the prominent shorter of this stock (I realize your no longer short), what do you think is the probability we could see an exciting piece of news which will pop the stock? My instincts is the whole tech sector will correct, including Nscp excepting positive news. Intel Warrents come due this week and will bring renewed selling to that stock, Cpq is down in afterhours to 23-24 level with their preannouncement, MOT did not sell off enough yet, and preannouncing is just begining. All that pressure could lower Nscp to 17 level these next two weeks. But, they also could come out with a merger with ? Steve D.

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