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Technology Stocks : Zapata (ZAP)

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To: twt who wrote (931)11/10/1998 4:51:00 PM
From: Bootz  Read Replies (1) of 1206
 
I don't get it, either. Trading was halted this morning pending news, but news never came. Yet here we are up 1 3/8 on double the average daily volume. Seems like somebody knows something (good) that we don't, or ZAP bought back a lot of its stock.

Meanwhile, the Internet stocks are absolutely insane so maybe ZAP decided to get insane again. YHOO is trading for something like $150 a share with a market capital of 16 billion, which is absolutely and totally ludicrous. Cendant just reported a billion-dollar quarter and they're trading for under $14 a share. Go figure! One share of YHOO would get you ten of CD.

Absolutely absurd!

Bootz
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