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Technology Stocks : CNET: The Computer Network (NASDAQ:CNET) -- Ignore unavailable to you. Want to Upgrade?

To: anyer who wrote (256)	7/20/1998 9:21:00 PM
From: AJ Berger	Read Replies (2) \| Respond to of 1133

Most Activity is Short Covering. nearly 2.5 million shares are held in short positions. as earnings are reported after the close on wednesday, and a suspected 2:1 split is annouced, the stock will definately peak, and will be shorted with a vengence. I strongly recommend that longs take profits sometime wednesday or thursday, as you will not see these prices again for a long time. CNWK barely breaks even on their television programming, and NBC marketing won't change that one bit. As for their many other efforts, the quarter's numbers will be very confusing due to all the deals they've made, so whatever they are, they will be ignored. The only story here is momentum and short interest. Everything else is just a silly distraction to retail investors.