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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (13494)	2/2/1999 8:19:00 PM
From: RCJIII	Read Replies (2) \| Respond to of 29382

CNGR UPDATE- Here is the rumor that I am hearing: -The recent stock price move is due to an impending brokerage house recommendation and research report. This report has a near term price target of over $15. -Inktomi shares- 70K was sold but Intkomi was angered by the last press release CNGR put out touting their sale of the stock and the $11 million profit they made. The rumor is that they intend to sell their remaining block soon and then will no longer be a shareholder. They can then issue a PR on the sale of both blocks. -PAACO- First Houston location is up and running and appears successful. -Nasdaq listing- Work in progress, look for something soon. -Road show is coming very soon. Look for the research report, then a barrage of PR and then the road show to tout it all. Oh yea, and as if the stock needed any additional reason to move up, the short position in the stock is 76K, which is slightly higher than last month which was by far the biggest in a year. Once those jokers cover, the stock should fly. All of this is just rumor of course. RCJIII