Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (1160)	11/2/1999 12:39:00 PM
From: marginmike	Read Replies (1) \| Respond to of 19219

Its selling off on profit taking, it was up 50% yesterday. However that is a drop in the bucket if they succeed at what they are doing. As you might now SPYG was once a high flier internet stock that got crushed because of a bad decision to sell Mosaic. It has languished in the 9's for a whille. They have decided to get into wireless cellphone browser software. This is a HOT HOT industry. PHCM has a 9 Billion MKTCAP, in the same business. SPYG seems to be a cheap entry into this market, if wall street notices they will take this pup to the moon. They announced a major deal that gave credibility to their software yesterday. They actually were profitible last quarter toboot! This is a VERY VERY speculative situation where I opt for calls were my downside is fixed. I bought Jan 22.5 for 3 bucks. If I am right this thing will fly if I am wrong the worst is 10-12 a share. I like those odds! I have been watching it since 9, and failed to pull the triger earlier!