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Non-Tech : InvestRight Club Challenge

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To: Francois Goelo who wrote (418)2/27/1999 12:12:00 PM
From: Jeffrey L. Henken  Read Replies (1) of 2662
 
WCAP has a wonderful looking chart. A major breakout upward followed by several moves where the stock consolidates for about a month or two and then makes another gain:

dailystocks.net

The story stock piece made the argument that WCAP should be trading at around 12 5/8's when COOL was trading at $38 a share.

daytraders.org

This means WCAP should trade at 1/3 of COOL's price to fairly reflect the value of their COOL holdings. Currently with COOL trading $38, WCAP is worth $12.66, yet only trades $7 5/8.

WCAP now trades over 9 but COOL has cooled off and is now below 18.

quote.yahoo.com

quote.yahoo.com

But here is where the story gets interesting:

WCAP being a venture capital fund is chock full of investments in many private companies (with IPO potential) the list includes but is not limited to the following. The 2 stocks that will be hot IPO's will be Worldgate and Commerce One. Worldgate is very similar to Web TV and will be a SMOKING HOT IPO, the only problem with these figures is that until they announce the IPO, the percentage owned in Worldgate could fluctuate. WCAP origionally invested approximately $2.5 mil in COOL, and their position is now worth $60 million, so the numbers could be huge for a much hotter IPO Worldgate.

Francois is this the Worldgate referred to for the IPO?:

worldgate.ca

Wait I just found it. The Worldgate IPO will come from this unaffiliated company:

wgate.com

I could not find anything on Commerce One.

So far this looks like a terrific buy on any dips to around 9.

What do you think?

Thanks, Jeff

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