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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS -- Ignore unavailable to you. Want to Upgrade?

To: lebo who wrote (3144)	1/7/1999 6:55:00 PM
From: Sonny	Read Replies (1) \| Respond to of 4613

lebo: > It will take less than a year for the stock to reach 50. unless there is a general market sell-off in the interim. If there is a sell-off, then it may take 1-year. For the short term though, we can not expect much more from CBS in the next few weeks. This is from this observation: Big-boys in the street have been bangin' on CBS for last several days, to-- it seems, no avail ... just a half-1 point move etc. Looks like, it is requiring a lot-of-handholding lately. This can be expected, since extremely huge bets were put on CBS when it was at $18 not long ago ... and those guys can not risk it (sell-off) much more, so they are easing out of their positions. I'm a long term CBS bull as all friends here know it, but for the short term the writing is clearly seen on the wall. Either all the houses who are upgrading it, already have their tummies full by now, or the thing is that, the market is finding some other better opportunities to play with (like internets), so they have hard time making CBS rejuvenate now as a growth story. One friend said (even though he could be wrong) "well, where were these guys all these years? sleeping ? ... stagnancy of price like this is no good, it especially stinks when I know that I quadrupled my dough in the nets" ... well, to each his own! But I suspect that because of all these emotions in the short term, it may stagnate for a while in this range, while it forms a solid base for 8-12 weeks. Then we'll see. Nobody said this was a quicky one ... but good base is there if it suits one's investment style. regards to all, -/Sonny.