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

To: Rajiv who wrote (2852)	1/11/1999 6:38:00 PM
From: Kimberly Lee	Respond to of 5102

Briefing is way off target here. The reality is that the trading activities of DBCC has been entirely divorced from its fundamentals for quite some time, as are YHOO, AMZN and many other Internut stocks. Illusion, magic, sorcery, momentum, hype -- whatever one wants to call it, it really does not matter. The rapidly ascending movement of the stock on record volume speaks more eloquently than any explanation, rational or otherwise. That said, I did sell all of my Jan 17.5 and 20 calls to lock in some mouthwatering profit. Sold some stocks too early, but did rebuy them around 32 - 32 1/2. Added my position in NAVR early in the day; as someone pointed out, those who miss DBCC would be very tempted to pick up NAVR for the next IPO parent sympathy play. SLEU also looks very strong and a bargain in terms of relative valuation among the search engines, which were all going crazy today. It is time, though, for those who like to take advantage of the inevitable selloff of DBCC, to start setting up a shorting strategy. It wasn't raining when Noah built the Ark.