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Technology Stocks : ZD Inc., Ziff-Davis (ZD)
ZD 33.16+1.7%Nov 26 3:59 PM EST

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To: Axxel who wrote (487)3/16/1999 8:45:00 PM
From: Maverick  Read Replies (2) of 855
 
ZD easy hit 40
Well the announcement that SEC approval has been obtained never came out today, despite the IR office telling me yesterday that it would appear. Now they are saying that it will be some time this week. So we are basically trading this week on no news. That is why the volume is relatively low. Till we get institutional buying or news expect more days like today and yesterday. The road show starts tomorrow which may cause a spike in volume and/or price ( they tend to rise together with ZD at least). Also I noticed that ZD only has 1 buy and three holds. If/when someone upgrades ZD that should be good for at least 2 immediate points. Assuming that GS recommends ZDZ, does it automatically follow that they will also recommend ZD? Seems likely, since ZD owns 80% of ZDZ. Another seeming negative is the large number of shares outstanding, but in reality the float is much much smaller because institutions and softbank own so much. Therefore if/when there is a run this baby should fly like an Nasdaq internet almost. I think that will be the sign that maybe we should begin thinking of lightening up our holdings. But until ZD has a 5 point day, it's still just gradually heading northward so hold on. 30 looks like an easy target and 40 is looking more and more doable. I'd say there is a 35% chance we hit 30 by Friday. I don't see a lot of option pressure right now so any news will move ZD pretty fast. Tomorrow will be interesting to see what effect if any the road show has on ZD. The road show is starting tomorrow at ZD's NY headquarters...
From a post on Yahoo. I don't remember which one.
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