VIAB (Viacom Class B shares) formerly CBS Message Board

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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS

VIA 29.58

-1.4%

Dec 30 3:59 PM EST

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To: Sonny who wrote (3158)	1/11/1999 1:16:00 PM
From: Sonny	Read Replies (2) of 4613

As expected, profit taking is hitting CBS at this stage it seems ... this often gets repeated here just too many times to mention: after a round of upgrades, buyers relax for a while, since they know nothing more is in the offing. Also, one event of concern has just developed for the ultra-short-term: looks like too many short term calls (for Jan and Apr) were sold last week; MMs would first like to scare the he** out of these short term riders and flush them out before expiration. So, no matter what anyone says, imho, I'm not expecting a huge, secular rise this week in CBS; could be bumpy and certainly I may be wrong. But an excellent re-entry point at 30-31 (and if gen. market drops, at 28-29) may result out of all these short-term-shenanigans :-) ! Just seen it too many times to ignore here! regards to all, -/Sonny.

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