NewsEdge (NEWZ = INDV + DTOP) Message Board

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Technology Stocks : NewsEdge (NEWZ = INDV + DTOP)

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To: Ms. Baby Boomer who wrote (488)	7/16/1998 3:43:00 PM
From: rod runyan	Read Replies (1) of 2365

Grrrrowl... I hear a bear. Whoops, its me. Closed out my long positions yesterday and bought puts. Sold most of those this morning for a nice quick profit. I have thought for a long time this thread could use a good bearish perspective and I think I will try to give one. Feel free to refute anything I might post. I won't take it personally and hope you all won't either. Bearish arguments. 1. Newspage-I have used it intermittently for months (along w/ the new version featured on NETCENTER now). It is cumbersome to use, frequently has portions not working and in a number of cases failed to ever carry significant stories about companies i follow that were covered by the likes of YAHOO. I would enjoy hearing if other's experiences have been better. 2. The deal w/ Chase. Check my post #298 dated June 8 where I mention the Chase deal which was announced at the annual meeting on June 4. IR guy Mark Silestro (sp?) told me at this time it was worth 1/2 to 1 million. A good deal, but not a huge one and old news. Why they waited so long to do a news release is a typical example of their inefficiency. 3. Try to call them and talk w/ someone. They have no full time IR person and are slow to nonexistent about returning calls or E-Mail. I still don't have a response to 2 e-mails i sent last week. 4. Earnings. DTOP was est. to make +.05 in Dec. 97 and came in at -.22. NEWZ was est. to come in at -.11 in Feb. and came in at -.17 (or -.82 w/ the one time acquisition charge). The stock absolutely tanked following the last miss closing at 17.5 the day before earnings and fell to less than 50% of that number at times since. 5. Earnings release. The delay from 7-16 to 7-29 w/out any formal announcement from the company is typical of the way they treat investors and really hacked me off since I was holding a fistfull of 7-18 calls which I didn't cash out of because I expected another run prior to the supposed release today. I also don't generally regard delays in earnings announcements as a positive sign. All that being said, I wouldn't be at all surprised if NEWZ has another spike prior to earnings but it would take (imho) cajones of steel to hold through the next earnings report if it does runup again. Best of luck to all and i will be getting out my asbestos shield. rod

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