The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (27409)	4/14/1999 8:49:00 AM
From: jimbos	Read Replies (1) of 90042

Tim, Weren't you talking about playing internet stocks. Well ZD just got an upgrade from Merrill. Long story here. ZD owns 85% of ZDNET-ZDZ. 2 weeks ago ZD spun off ZDZ, on the day of the IPO Merrill downgraded ZD because they were not part of the underwriting team. They did bring ZD public.ZDZ is the internet tracking stock of ZD. ZDZ is valued at 45 a share, and ZD is at 18 1/8, if ZD owns 85% of ZDZ, well figure it out. That does not take into consideration ZD's other holdings, publishing companies, T.V. station and other things. On the day of the downgrade from Merrill ZD was at 29. Looks like this could be strong for a few days. Then on May 2 the 30 day quite period ends, and Goldman Sachs can start pumping both ZD and ZDZ. Jim

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