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Technology Stocks : Judges Momentum Watch -- Ignore unavailable to you. Want to Upgrade?


To: judge who wrote (95)7/6/1999 9:48:00 PM
From: Bill on the Hill  Read Replies (1) | Respond to of 222
 
Position - momentum play.

PTET - Platinum Entertainment.

Owns 800,000 shares of the HITS IPO which will be released tomorrow. Priced at a little overy $8 and with 1.4 million shares in the float and over 121,000 shares shorted this little stock could move well if the Musicmaker.com IPO is a success. With Musicmaker.com - HITS being delayed until this week that could bode well for the IPO as they will catch some of the glory of the Liquid Audio IPO expected soon. Musicmaker.com has been talked about as being a very successful IPO since they signed their deal with EMI records.

PTET tomorrow could move well into the low teens. It is a short term play for me. I was in and out last week in an hour for a 3/4 point return. It will move fast and I would expect that profits will be taken by traders.

Liquid Audio information. - LQID - IPO soon.
redherring.com
Liquid Audio started by a sound engineer for the Grateful Dead. Look at the list of artists lined up. Ready for MP3 downloads.

Musicmaker.com information. - HITS - IPO Wedn. @ $14
biz.yahoo.com
biz.yahoo.com

EMI recording studio playbook part of the company. Includes the Beatles by the way. Will use MP3 as architecture.

Small firm which is part of the MP3 fury - EDIG. I have a small number of shares to hide away.

I don't know if I will be buying PTET. Depends on how EDGR is tomorrow a.m.

Bill