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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (6857)	7/31/1998 9:40:00 AM
From: Due Diligence	Read Replies (1) \| Respond to of 25711

News out GBIT: Solid, reporting Jimbo quote.yahoo.com

To: Dave Gore who wrote (6857)	7/31/1998 9:45:00 AM
From: Gator	Respond to of 25711

*SPECIAL SITUATION (Must be quick!!!)* WCAP (Winfield Capital) WCAP owns something like 1.7 million shares of Cyberian Outpost (COOL) which is coming public today. COOL is expected to be hugely successful IPO (already the price was raised last night to $18 from initial range of $13 to $15). Street is actually expecting COOL to open $5 to $20 points higher than that. People that can't get in to COOL are buying WCAP to get in on the IPO indirectly. WCAP was at $12+ yesterday, dropped down under $9. Already over $10 today, people expecting $15-$18 or higher, depending on how hot COOL gets. Gator