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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: OtherChap who wrote (2315)	2/5/1998 11:56:00 AM
From: jopawa	Respond to of 4903

OtherChap, What do you consider a huge position? You are bolder than me, unless you are going to cover later today. To hold an unprotected short overnight in this environment seems to be dangerous. I agree about the price, but logic doesn't always prevail. Does Snapple, Cascade Comm., ring a bell? John

To: OtherChap who wrote (2315)	2/5/1998 11:59:00 AM
From: OtherChap	Respond to of 4903

This is so funny. CNBC is running the netscape rumor as the lead story every half hour. I'm watching a realtime chart of the stock, and about 3 minutes after they re-state the rumor, tons of little orders come in and the price jumps. Then big sell orders come in right behind them and force the price down.. (short sellers or just plain selling) Then half an hour later, CNBC repeats the rumor and the cycle begins again with fresh suckers. The charts and CNBC coincide EXACTLY! And who says CNBC can't move markets.. reminds me of the old Dan Dorfman days.. didn't he leave under a cloud of investigation for hyping stocks that his friends owned?