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Technology Stocks : Data Broadcasting Corp. (DBCC)

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To: Belinda S. who wrote (2531)1/10/1999 4:28:00 PM
From: John M. Gelnieau  Read Replies (3) of 5102
 
Why short DBCC?

Some are looking at the trading pattern from UBID/MALL scenario where the IPO took off and it seems that the parent was shorted. This is an arbitradge situation where the smart money is trying to play both ends against the middle. Also, some are selling because they bought in at less than $10 and are happy to take the gains at $36.

FWIW, I am long since $12 and believe that this one has so much momentum that I am in for $40 on DBCC. There are only 2.5M shares being issued on Marketwatch so I am expecting the issued shares to turn over several times on the date of issue and to continue upward next week. I would not be surprised to see $100+ with a few days.

Since Marketwatch will be a fast mover and bounce all over the map the conservative way to play this, IMO, is by being in DBCC.
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