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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (10331)	11/6/2001 11:27:18 PM
From: Just_Observing	Read Replies (1) \| Respond to of 23153

Just a silly momo move? Not really. ITWO presented at a Goldman Sachs conference today and said that this quarter looks better than the last one. In the last few months, ITWO's stock has strongly correlated with MANU (see link below). Last Wednesday, MANU reported that growth was returning in the 4th quarter and its stock surged. So it was not unexpected that ITWO reported that business was picking up. finance.yahoo.com Apart from Supply Chain, ITWO is big in B2B competing with ARBA and CMRC. Ariba gave a positive presentation at the same Goldman Sachs conference and its stock jumped up from $3.30 to $4.37 today. That should also be a positive for ITWO. Tomorrow, ITWO reports at a Merrill conference. Merrill has a long term buy on the stock and it may raise its neutral short term rating after the presentation. Moreover, ITWO just released a new version of their software (ver 5.2) on Oct 22. ITWO is also expected to announce a major contract any day now (they talked about it in their conference call on Q3 earnings release - ITWO implementations at 30 divisions of a major company). IMHO, ITWO is not the best candidate in the world to short here. OTOH, ITWO's calls and puts are quite expensive and one can make very good money by selling naked puts and calls. Regards