To: Roads End who wrote (47546 ) 2/9/1999 9:22:00 PM From: robbie Respond to of 97611
Steve -OT- Bought 500 more VVTV @ 9 7/16 today. It had been as high as the 12s before this correction started. They own 15% of Net Radio IPO coming soon, with an option to purchase another 5% for peanuts, which I'm almost certain they will exercise. From Yahoo tonight: << VERY VERY GOOD NEWS---SPOKE TO THE COMPANY AND...... by: BINGO_SMITH 3392 of 3433 WAS TOLD BY INVESTOR RELATIONS THAT NEGOTIATIONS RELATING TO INTERNET ALLIANCES ARE IN ADVANCED STAGES. ALSO, ANALYSTS ARE CLOSE TO INITIATING COVERAGE. ALSO, THIS QUARTER IS GOING TO BE SOLID. THE WISE GUYS ARE LOADING UP TODAY. VIVA LA VVTV!!!!!!!!! Snyder touts VVTV in Hollywood Reporter by: PrimeConcern 3396 of 3433 I just read the Hollywood Reporter article on 1999 stock picks, and Alan Snyder plugged VVTV. Here's what the piece said: "Snyder also likes Valuevision International Inc., the No. 3 U.S. home-shopping channel. "They've got no debt and a substantial cash position," he says. "Aside from the home-shopping business, which is growing at 40% to 50% in terms of revenue, ValueVision is also working on several Internet possibilities, he notes, and one of their minority holdings is NetRadio which has announced it will go public. In this Internet market, we think the 20% stake in NetRadio could be equal to ValueVision's whole stock market value." Snyder says." This is a significant correction in the market currently, and VVTV is being treated like it is an internet stock (see YHOO and LCOS today). This is short term weakness, and a buying opportunity in my view. All the fundamentals are still in place, and the catalysts are out there....a better overall market and VVTV's recent weakness will be a distant memory. >> $20 stock IMHO. I'm all over it when it falls below $10. Robbie