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Technology Stocks : CyberCash a buy? -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (820)	4/4/1998 12:51:00 PM
From: Mark Fowler	Read Replies (2) \| Respond to of 3990

Augustwest, what's your thinking for next week on these internet stocks. Specifically cych. I unloaded all my short-term internet stock positions Friday for a profit. I want to buy another 500 of Cych because I think it's way undervalued compared to most in this sector, and I'm holding this one for the long haul. When investors realize cych's risk verses reward ratio compared to the rest of lot, this stock is going to take off like a rocket. Cych is only trading at about 15x 99's estimated earnings with a forecasted annualized 100% percent growth rate for the next 3 to 5 yrs. Hell, lets be conservative and say 75% growth rate. If it was priced with a PE equal to its growth rate for '99s est. earnings, then Cych should be trading at $93@ per shr. Most of these internet IPOs are trading well above there estimated long term growth rates right now and are not expected to turn profitable beyond yr 2000. I think this hidden gem will start to shine soon when the hype wears off. Then investors will start to do the math and look for value. Any input please. .