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Technology Stocks : Internet Stocks (How high will they fly?)

YHOO 52.58

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Jun 26 5:00 PM EST

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To: Nick who wrote (35)	12/20/1998 5:55:00 PM
From: Trader$Rader	Read Replies (1) of 44

Nick, I told with VGCP CEO, I know it sounds ambituous, but the CEO believes the stock will be at $8-12 by the end of the first quarter of 1999. He believes it will be over $20 by the end of the year. The financing he is wrapping up will allow them to acquire 6 insurance companies with $250 million in assets each. The company has spent the last year or so developing an interactive internet software and network. That software will be utilized by the insurance companies they acquire as well as by other companies they will sell it to or allow to use their network on a fee basis. The software will also streamline operations thus allowing great cost savings. Next week look for an announcement indicating the completion of their initial financing and their intent to begin purchasing their first insurance operation to be closed within about 60 days with a rapid succession of other acquisitions to follow. I expect the first announcement to take the stock to between $1.50 and $3. Another announcement should come shortly thereafter concerning the debut and sales of their internet software and network. The CEO told me that 2 other major announcements would follow shortly thereafter. A letter of intent for the first aquisition should be announced in late January or early February, with closing in February or March. If all goes as planned, the stock could easily hit his target figures. If for some reason final financing agreements are not signed on Monday, which is unlikely , but possible, then the whole process is delayed until the funding is completed. I feel very confident that they will wrap up financing soon and the company will be on the road to riches. VGCP is a winner for 1999 !! TR

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