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Technology Stocks : USWeb (USWB)

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To: Rick who wrote (656)11/12/1998 10:50:00 AM
From: Rick  Read Replies (1) of 1188
 
FYI - 2 more insider sales filed today.

It looks like the reason for the recent rally is:

1 - buying in advance of Shaw announcement (US Web has always been an information sieve, and there hasn't been a significant announcement that was clearly played prior to the public announcement)

2 - short covering as a result of the run-up

Given that it looks like the rally is running out of steam, 5 144's filed in last 3 days, and 20 million new shares will be printed for CKSG acquisition, this looks like a good short, or at very least not a timely buy.

rick.
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