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Technology Stocks : NewCom (NWCM)

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To: trenzich who wrote (356)3/27/1998 6:32:00 PM
From: Mahin M. Samada   of 662
 
BUZZY GOES FUZZY!!

Buzzy Geduld (of Heine, Herzog, Geduld fame) has just taken over the trading of NWCM for HHG (one of the world's largest market makers) from one of his junior traders. Things may be getting exciting very soon...

Herzog has a tremendous short position in NWCM.

It seems that 2 or 3 financial institutions tried to buy from Herzog today, but they **weren't willing to short anymore** Maybe they are looking to cover?!?!

I am a buyer at current levels.... and i think it's still cheap at what looking to be 8x or 9x this year's earnings.... growth rate is excellent. I may continue to buy on monday, willing to chase this up for a little while.

The squeeze is on!

m.
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