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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (6541)	1/9/1999 8:43:00 PM
From: Glenn	Respond to of 90042

Goodnight my friend, I'm off for a fun date with the wife. You and dawg are the best. Smiles, Glenn

To: Tim Luke who wrote (6541)	1/9/1999 9:02:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 90042

News story out just now from INTERNET STOCK NEWS(tm)!!!! by: HMSYcom 4452 of 4458 2. GETTING A PIECE OF THE HOT INTERNET IPO WITHOUT PAYING A PREMIUM! By Michael Ogburn There are maybe four ways to capitalize on the opening-day, Internet IPO moonshots. One - as the CEO or executive of the company going public - load-up on your stock options. Two, have a multi-million dollar account with Goldman Sachs, Merrill Lynch or whatever brokerage is underwriting the IPO. Three, be an account holder in an E-Trade, Wit Capital or other firm that occasionally offer a small amount of shares to a specific IPO. Or four, find a not-so-obvious sidedoor to snare some equity in the new venture. Usually, that means buying stock in a company that owns part or all of the Internet firm about to go public. The recent run-up of Creative Computers (MALL), for instance, was fueled by investors anticipating a strong IPO of its online auction spin-off, Ubid. And this summer's 52-week highs achieved by Winfield Capital (WCAP) and Tech Squared (TSQD-BB) were prompted by traders using each as IPO proxies for Cyberian Outpost (COOL) and Digital River (DRIV), respectively. Pursuing this angle requires research. Check recent IPO filings and investigate the ventures to determine if another firm has an equity relationship. Also, browse the message boards of Internet companies, because sometimes there's gold among the hype. Recent "sidedoor" IPO plays include Data Broadcasting (DBCC), up 130% since last week and ready to benefit from the January 11 scheduled IPO of Marketwatch.com (MKTW), a company it partially owns with CBS. Other stocks that could gain liquidity from an IPO include Navarre Corp. (NAVR), which has jumped (up and down) on the promise of an IPO of NetRadio; Banyon Systems (BNYN), which is up 200% on the rumor that it will spin-off its Switchboard.com subsidiary; and Banyan Oregon (BANY-BB), a laptop computer case maker that gained ground because of its equity in a potential IPO, Anything Internet. Another more obvious play is simply investing in publicly-traded, venture capital "incubators" that make their living spawning IPOs. By now, CMGI - with its stable of nearly 30 potential spin-offs - should be on everyone's radar screen. An older, mid-sized version of CMGI is Safeguard Scientific (SFE), a venture capital firm that invests in technology companies, including a handful of internet-related businesses being readied for a public offering. And don't forget Winfield Capital, which hopes to follow up its COOL success with an IPO of Rowe.com. Unfortunately, finding the sidedoor is only half the battle. The other half is timing the trade. Creative Computer's run from 10 to 63 took place over a few days - its drop to the 30s happened in a matter of hours (it now trades around 44). Winfield Capital and Tech Squared are now down 50% from their summer highs. And those who bought Navarre in the mid-20s thinking it was on its way to 50 can't be too pleased with its current price of 11. Finally, don't simply try to get a piece of an IPO because of the "dotcom" at the end of the company's name. Research the fundamentals, learn about the venture's business plan, look into its competitors and make your decision as if you were buying a stock already on the market. It's certainly not an easy route, trying to hitch a ride on an IPO rocket. But if you do it right enough times, maybe someday you'll be the privileged one buying the IPO directly through your brokerage house. Posted: Jan 9 1999 6:05PM EST as a reply to: Msg 4451 by lauraxlo Related Links Quote Profile Research Insider

To: Tim Luke who wrote (6541)	1/10/1999 1:09:00 AM
From: JSB	Read Replies (1) \| Respond to of 90042

Nite, Tim. Something to ponder tomorrow. If MU is screaming skyward because DRAM prices are on the rise, what are the chances that DELL misses estimates because they have increasing prices and don't inventory chips? Seems to me, either MU or DELL might make a fair short in the next 60 to 90 days. Regards, JSB