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To: Dave H who wrote (525)	1/7/1998 5:38:00 PM
From: Ken W	Read Replies (1) \| Respond to of 1488

Dave H, Instock, SEG Seagate...halted pending news....News on CNBC after close..Seagate warning and confirming that they will be way off on earnings..southbound tomorrow, down over 1 today. Of course you guys probably already heard this. Ken W

To: Dave H who wrote (525)	1/7/1998 11:19:00 PM
From: Instock	Respond to of 1488

< MCRE > From "The Wall Street Journal Interactive Edition " And possably Thursdays Wall Street Journal DOW JONES NEWS SERVICE 16:48 =MetaCreations Dn 25%; Adobe,Others Seen Making Inroads>MCRE By Nick Wingfield The Wall Street Journal Interactive Edition NEW YORK (Dow Jones)--Shares of graphics-software developer MetaCreations Corp. (MCRE) tumbled 25.2% Wednesday after a profit warning from the company. The Carpinteria, Calif., company's stock dropped 2 5/16 to 6 7/8 on Nasdaq volume of 3.1 million, compared with average daily volume of 422,100. Earlier Wednesday, the stock sank to a 52-week low of 6 1/4, passing the low of 6 1/2 set April 25.. MetaCreations pinned the blame for its expected earnings shortfall partly on slow shipments of its products to original equipment manufacturers, or OEMs. Formed in May 1997 as the result of a merger between MetaTools and Fractal Design - two pioneers in the PC graphics-software industry - MetaCreations has hard-core fans that use its software to manipulate digital photographs and graphics. The company's chief software wizard, Kai Krause, is regarded as a computer industry celebrity and one of its products, Kai's Photo Soap, is widely used by consumers to touch up photos. But in spite of industry accolades, MetaCreations faces mounting competitive pressures from much larger companies like Adobe Systems Inc. (ADBE) and Microsoft Corp. (MSFT). Analysts said the company's latest trouble is due partly to competitive photo imaging products from those and other companies that have eaten into MetaCreations' market share, causing it to drop from 45% of the consumer imaging market in the third quarter to 25% in the fourth quarter, according to Hany Nada, an analyst at Piper Jaffray Inc. MetaCreations also suffered because of a slowdown in product shipments to OEMs, particularly hardware companies that bundle its software with digital cameras, scanners and other equipment. According to Nada, OEM sales on average account for a third of MetaCreations' business, with strong sales coming from Japanese companies that are withholding further investments due to economic uncertainty in the region. Nada reduced his rating on the stock Wednesday morning to buy from strong buy. Other analysts also downgraded the stock, with BT Alex. Brown Inc. lowering its rating to market perform from buy and Van Kasper & Co. cutting it to long-term buy from buy. However, Nada said he kept the stock at a buy because he believes MetaCreations' "technology is far superior to anyone else's." (MORE) DOW JONES NEWS 01-07-98 04:48 PM

To: Dave H who wrote (525)	1/9/1998 1:46:00 PM
From: Instock	Respond to of 1488

Decided to take a LONG Position in GMTC. Beaten down this morning on pretty good earnings. The stock price is right, earnings look ok, seems to have gotten over beat up. Thought I would try a Long on it and see it I can pick up a bounce. quote.yahoo.com Covered my MDM Short Sell with a 20% Margin Gain in less then 24 hous. Never understood why no one had any interest in MDM. Seemed like a screaming Short term Short Sell. If you have a chance , take a quick look at GMTC. Could get a nice little bouch up from it. Scott

To: Dave H who wrote (525)	1/10/1998 1:20:00 PM
From: Instock	Read Replies (2) \| Respond to of 1488

Dave: < GMTC > As with any stock taking a One day 48% HIT, there are good reasons for the drop. Sometimes the HIT a stock takes, either up or down, is larger then what is called for. Panic selling or Panic Buying. New Thread: < GMTC > exchange2000.com Investors Friday, and all week long for that matter, have been looking for any reason they can find to sell what they own or short a stock. Fridays huge wholesale dumping of MANY good stocks was an example of this panic selling. Fridays Press Release had a Good side and a Bad side. GMTC was hit with Panic Selling because of the announced delay in Product development. <Bad News.> Everyone was in the mood to jump on any bad news they could find. What many failed to understand in GMTC Press release was that the Core business is doing fine! Record Earnings, Excellent growth! <Good News!> I believe that after a 48% drop in price, investors will be looking more at the Good Part of the Press Release having already nailed the bad part pretty well on friday. I also beleive that there was some Short Term Short Selling going on Friday as well as in the past week or so. With the general market conditions so BAD Friday, there was little reason for the Shorts to Cover ( BUY ). Monday could very well be a differant story. The Shorts might feel it is time to cover ( Buy ) If the stock starts rebounding, the shorts will jump in and start covering their position by buying GMTC. If the US Markets stage a rebound of any kind ( which I think could be very likely ) this will further add to the buying on the rebound. At this point, GMTC cannot be short sold. Has to close the day before at or above 5 1/4 at most brokerages. The stock can be Bought Long on Margin though. To sum it up, if GMTC stages any kind of rebound, the shorts will start covering ( buying) and add to the price increase. The stock cannot be shorted at this point, so that is one group of sellers out of the market. If the US Markets stage a rebound of any kind, this will add to the buying preasure. Thats my IMO in a nut shell. If this works as I think it will, this could be a very nice Short Term gainer as well as a even better longer term gainer. Instock