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

To: Richard B. Haenisch who wrote (3011)	1/12/1999 6:35:00 PM
From: Mr_X	Respond to of 5102

I had been long from 8. At 14, the math started to get iffy and I sold half. At 22, I knew I was playing a fool's game, and sold half of what I had left, figuring you never know how irrational markets can get. Today you saw it. Out of the last of my longs, and now I am short. Marketwatch might be a very hot IPO, but for it to validate these prices it will need to spike from 12 to 350 or so. It might happen, but I'm willing to bet against it. Look at the discount that MALL trades to the implied underlying value of UBID's stock price. There is .8 UBID imbedded in each MALL share, plus another 2-3 of value outside of UBID. MALL would therfore be worth .8100=80 + $3 = $83 or so. Instead it trades at 40. Same rules will apply here. .13 marketwatch of, say 350=45, plus another 6-8 for the other dbcc assets gets you low 50's, which would imply a trading price of dbcc of mid 30's or lower. This is a fool's game. Longs will get bunrt. You heard it hear first.