BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR Message Board

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Technology Stocks : BACKDOOR, an IPO> IDTC,BRKT,BNYN,KLOC,NAVR

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To: steve host who wrote (118)	1/21/1999 1:06:00 PM
From: C. McD	of 954

FHT call went well, I got some more KLOCZ at $4, what a steal. FHT said they'd do 2 IPOs this year, but I don't think they said in the next few months. My impression was they could be a little farther down the line. In 2Q FHT will actively try to move catalog customers to an improved website, which will cut costs bigtime. KLOCZ fell hard this a.m. to 3 5/8, but has rebounded nicely to $4 1/16. I think this one will be a keeper. I don't know too much about warrants, but the way I see it is that if KLOC goes from 10 to 14, KLOCZ could go from 4 to 8. I'm still learning the details of how a warrant works, but if an announcement on 800ussearch comes out anytime soon, KLOCZ will be the value play.

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