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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?


To: Currency who wrote (2617)1/14/1999 10:46:00 PM
From: LANCE B  Respond to of 11130
 
nope never said for anybody to buy cagi....
i have not mentioned that stock since i bought it at 1.07
and told wayne.......i said yesterday it was an excellent
company........if i mention a stock a like i will advise
the thread when i play it........i would not tell anybody to
buy cagi at those levels........but it has worked out for people ......just like dnet...for all i know it can double tomorrow...
but i would not tell anybody here to buy a stock that was up
already 100 percent....that is the difference.......
what time did you buy dnet.......and if you like the company so much
and you were looking out for others would not 10;30 tomorrow be a better time after the sell off to mention it...or are you looking for a better opening to sell at.......



To: Currency who wrote (2617)1/14/1999 10:52:00 PM
From: LANCE B  Read Replies (1) | Respond to of 11130
 
by the way after reading your last post
again...i can only guess you were trying to say you
bought osft under 3..........
you must still have that everybody is jealous
of you complex going.......i am sorry to disapoint you...




To: Currency who wrote (2617)1/15/1999 7:41:00 AM
From: Wayne Rumball  Read Replies (2) | Respond to of 11130
 
In it's present condition DNET is extremely overvalued. Doesn't me it can't run further, just extremely overvalued.

They also don't seem to be afraid of printing shares. SOS went from 6 million to 16 million Sept '97 - Sept '98. Odd there was no filing about it. Looks like it may have been conversion of preferred shares.

LEts make some comparisons;
Price Relative to book Value
YHOO 344 77.5 X
DNET 1.5 37.5 X
VDAT 16.5 18.8 X
RNWK 50 20.6 X

While I think everyone can agree DNET will never become a Yahoo, most would probably agree that they should trade in relation to either their parent or a similar business.

Could run, but risky at best. I would say that for all of the above as well.