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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Trader J who wrote (17595)	7/16/1999 10:57:00 AM
From: Wowzer	Respond to of 56535

FLYR & TTWO Business Week plays near day's lows: Navigant Sets Sail The core operation of Navigant International (FLYR)--providing business-travel management services to midsize companies--isn't exactly novel or exciting. But of late its stock has taken wing, shooting up from 4 13/16 in early April to 87/32 on July 13. And Jay Petschek of investment firm Corsair Capital Partners says it's worth at least twice that price. What has Navigant got that other travel companies don't? Navigant, No. 5 in corporate travel management, has embarked on an integrated program to provide online services to customers for both corporate and leisure travel. Petschek believes Navigant is in talks to form alliances with several Internet portal companies. To bolster its Internet services, Navigant has named Paul Blackney, chairman of XTRA On-Line, to its board. Blackney is also a board member at Priceline.com, the Internet auction house. Blackney hopes to help Navigant to become a premier electronic travel service company. Among Navigant's clients: US West, Sotheby's, Samsonite, and Walgreens. The Internet allows Navigant to provide a higher level of service, notes Petschek, who has accumulated nearly 5% of Navigant shares. He thinks Navigant will eventually spin off its Internet business and take it public. He puts the value of the Internet operations at 10 to 15 a share. Analyst Keith Mullins of Salomon Smith Barney, who has a ''speculative buy'' rating on the stock, says Navigant should earn $1 a share in 1999, up from 61 cents in 1998. BY GENE G. MARCIAL A Second Chance for Take-Two? Video games are as popular as ever, but the shares of video-game companies, such as Take-Two Interactive Software (TTWO), have been cellar-dwellers this year. Take-Two--which develops games for PCs as well as for video-game platforms manufactured by Sony, Nintendo, and Sega Enterprises--hit 13 5/8 in early February but tumbled to 7 in mid-June. The stock may have touched bottom, say pros who have started buying in. The stock closed at 8 3/8 on July 13. The upcoming big market for Take-Two is--what else?--the Web. Take-Two is developing a multiplayer online version of one of its popular Grand Theft Auto, which could be the first of many such products designed for PCs to be redesigned as video games. And the company recently acquired DVDWave.com, a retailer of digital videodisk (DVD) movies. ''Shortly, video games will be added to the mix,'' says Bob DeLean, an analyst at investment firm Morgan Keegan. ''We believe this is an important strategic move, considering the consumer demand for E-commerce,'' he adds. DeLean, who has a ''buy'' rating on Take-Two, thinks it may boost earnings at 25% to 30% annually over the next five years. He expects earnings of 62 cents this year and 80 cents in 2000, compared with 37 cents in 1998. Take-Two CEO Ryan Brant says that, in 18 months, the company's Web business will generate some $30 million in annual sales and about $100 million in three years. Industry prospects have turned so rosy, says Brant, that the big media and toy companies that had bailed out years ago are considering jumping back into the business. Some may be looking hard at Take-Two. BY GENE G. MARCIAL

To: Trader J who wrote (17595)	7/16/1999 11:06:00 AM
From: speedbot	Read Replies (2) \| Respond to of 56535

11:02 ET IPO Opens : Shars of Paradyne Networks (PDYN 54 1/2 +37 12) trade up 220% from IPO price. Issue opened at $50; intraday range $50-$57. s

To: Trader J who wrote (17595)	7/16/1999 1:05:00 PM
From: American Spirit	Read Replies (2) \| Respond to of 56535

Jeff, ditto on SDTI. Going to put a low-ball order in. Sold my 500 yesterday at $24. Yes! Held it since 17. Sold my DCTI at high yesterday too. That's quite a trading stock between 5 11/16 and 6 5/16. Just yoyos back and forth. I made a mistake holding it. COuld have traded it five times. Someday it will rise though IMHO. But sure sold ONEM too early. Ah well. Why's that flying and ELNK not? Think ELNK's a buy here? And got scared off by bears from KEA. Now IT sector moving up. CHRZ the cheapie still. Got in QWST. Looking at ATHM and MRK (both down 2 points today). Any comments on these? Missed a double in 3 days with ZICA which I almost triggered 3 days ago. Ooops. Staying away from financials right now as my WFC is lagging all week.