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Technology Stocks : NewsEdge (NEWZ = INDV + DTOP) -- Ignore unavailable to you. Want to Upgrade?

To: Tom Murphy who wrote (607)	8/3/1998 11:43:00 AM
From: Tom Murphy	Read Replies (1) \| Respond to of 2365

Its starting to look like Friday was two MM's churning the stock between themselves to drive the price up (they can do that without losing a penny). Maybe they were trying to flush out some shorts or maybe trying to stir up some investor interest. Either way it looks like it did not work. There was a recent Forbe's article that stated 40% of the volume on the Nasdaq was churn (MM's trading with each other to create volume and..hence investor interest). I am starting to think thats what happened Friday. I may be wrong..maybe there is a merger coming, but I would tread lightly with this one.

To: Tom Murphy who wrote (607)	8/3/1998 12:56:00 PM
From: Newzedgefan	Read Replies (1) \| Respond to of 2365

I know what happened! If you take a five day stock chart for NEWZ, stick your thumb over the end of Friday/begining of Monday then the picture is clear: Nothing much happened (except for the gap down Thursday morning). After the pain of Thursday and the glimmer of hope Friday night, everyone has gone rumor mad! Netscape? ZAP? what about Microsoft (a perennial favorite). I don't know why large blocks traded at $7 - $8 a share Friday. That seemed to cause a squeeze and a panic gap up to $11 (how much volume actually occurred at $11?). Even if there was even the slightest possibility of a take over, you would see it in the options. From what I can see of today's activity, the market seems to think this stock will stay in the $7 range until the end of the year. Can we now forget about Friday... It was fun to be a little richer over the weekend, but there doesn't seem to be any real news about it. I think it's time to get back to reality and discuss what makes this stock worth investing in (or not).