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Technology Stocks : Data Broadcasting Corp. (DBCC) -- Ignore unavailable to you. Want to Upgrade?


To: AJ Berger who wrote (1952)1/3/1999 6:27:00 PM
From: Mark[ox5]  Read Replies (1) | Respond to of 5102
 
AJ, (this is civil) what is your opinion about all the people who took Thursday off, who just heard about DBCC over the weekend. You dont think their entrance into DBCC will be able to keep it above $18+ level?

I dont think it will fall any lower than 17 or 18 simply because we filled all the gaps (13.50 Wednesday and then 16 5/8 or so Thursday)

I also think a lot of the buying in the last half hour was position traders like me who knew it would gap up and might sell into the gap up trying to rebuy a few points lower (i.e. I bought at 17, if it rose to 22 I would take an instant 30% gain off the table and try to rebuy at 20 or less)

Your opinions sir?



To: AJ Berger who wrote (1952)1/3/1999 7:34:00 PM
From: Silicon Trader  Respond to of 5102
 
Business Week Story (sorry if this was already posteed ) I bought more in the aftermarket on thursday, its going up !.

Data Broadcasting Is Spinning
a Web

Something is brewing at Data Broadcasting (DBCC), whose stock soared from 5
3/4 on Nov. 11 to 15 on Dec. 29. Is it Internet-related? Bet on it.

This stock, which had been lumbering along between 3 and 6 before heating up,
is headed even higher, insist some pros who have made a bundle on Net issues.
The reason, they say, is the prospect of a red-hot initial public offering--expected
in late January--of MarketWatch.Com, a joint venture between Data
Broadcasting and the broadcast arm of CBS. Data Broadcasting and CBS will
each own 38% of MarketWatch.Com after the IPO.

The joint venture's Web site, called CBS MarketWatch.com, is designed to be a
one-stop shop for all sorts of financial information. It currently provides breaking
news, expert analyses, and market data. CBS will contribute $30 million worth of
advertising time on its television and radio stations to promote the Web site. Data
Broadcasting is a leading provider of real-time market data, financial and sports
news, and gambling information to more than 2 million users--over PCs, FM
radio, cable and satellite transmission, and the Internet.

Although the IPO is expected to be priced at $10 to $12 a share, some pros
believe the stock will blast off after the opening--just like other recent IPOs of
Internet outfits that serve robust niche markets.

''They expect MarketWatch.Com will be another uBid, the Internet auctioneer
whose stock soared some 700% since it went public on Dec. 4 at 15 a share,''
says one fund manager who has loaded up on Data Broadcasting. Now trading at
about 140, uBid was also a spin-off that was later taken public by its parent,
Creative Computers. Since uBid went public, the parent's stock has also
rocketed--from 6 to 60. ''Data Broadcasting shares are the way to play
MarketWatch.Com before it goes public,'' says one New York investment
banker.

BY GENE G. MARCIAL