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

To: Sonny who wrote (3158)	1/9/1999 4:48:00 PM
From: TTOSBT	Read Replies (1) \| Respond to of 4613

Re: "I certainly don't want all my long friends here to miss out on the run-up, if it happens, but at the same time some caution is always due." Yes there will always be those who sell off in fear but I feel they are only hurting themselves. IMO CBS has started to rise not on it's own relative strength but by it's surrounding investments: INF, SPLN, MarketWatch.com, AOL and possible further selling/mixing of parts of the business or a takeover target are all in the current mix. Can you imagine, a stock takes off on take over rumors alone, but CBS has that plus and Mel at the helm to boot. Lay your worries to rest this is not rising to disappoint this time there are oh so many reasons to support it and anyone of them by itself can support it's current price plus! TTOSBT

To: Sonny who wrote (3158)	1/10/1999 9:14:00 AM
From: Guy E. Fleming	Respond to of 4613

Thanks for the appropriate note of caution. If a drop happens -- to 30 or 31, for example, I'll use that as an opportunity to use some recent profits in CBS options to buy more '00 LEAPS. The basic story remains in tact, IMO -- Karmazin will wring out value from this stock, one way or another within the next year and its properties have both higher earnings and takeover interest potential. I think Karmazin will deliver and I'm a believer that management is the only difference between average and great companies.

To: Sonny who wrote (3158)	1/11/1999 1:16:00 PM
From: Sonny	Read Replies (2) \| Respond to of 4613

As expected, profit taking is hitting CBS at this stage it seems ... this often gets repeated here just too many times to mention: after a round of upgrades, buyers relax for a while, since they know nothing more is in the offing. Also, one event of concern has just developed for the ultra-short-term: looks like too many short term calls (for Jan and Apr) were sold last week; MMs would first like to scare the he** out of these short term riders and flush them out before expiration. So, no matter what anyone says, imho, I'm not expecting a huge, secular rise this week in CBS; could be bumpy and certainly I may be wrong. But an excellent re-entry point at 30-31 (and if gen. market drops, at 28-29) may result out of all these short-term-shenanigans :-) ! Just seen it too many times to ignore here! regards to all, -/Sonny.