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


To: wayne who wrote (5487)2/11/1999 4:15:00 PM
From: LANCE B  Respond to of 11130
 
MCSI- i read all about the extra shares..
it is amazing how everybody panicked on that news
please look at january this stock has come all the way up from
5/8 with those shares there on volume less than 300,000 a day..
incredible the panic people did...i originally bought
2000 shares a 1 17/32 and bought 3000 more at 1 9/32...
mm played right along with the panic and got back some money this time..i heard them say THANK YOU...



To: wayne who wrote (5487)2/11/1999 4:19:00 PM
From: Gator  Read Replies (1) | Respond to of 11130
 
MOKA is finally starting to get recognized.

Spoke with the company today. Buyout deal with DDRX is worth $35 million minimum, higher if DDRX trades above $6. They're a bit dumbfounded that the stock isn't trading closer to buyout valuation. Could be because the AP reported the deal as being worth $25 million, instead of $35 million (AP forgot to factor in 1,667,000 shares of DDRX, $10 million worth of stock).

At $35 million, MOKA shareholders will get $3.25 worth of cash and stock. With DDRX where it is now ($6 9/16 x $6 11/16), the deal is worth $3.34-$3.36. MOKA currently trading at $2 1/8 x $2 1/4. I'm in at $1 31/32 and $2 1/8 (just picked up more before the close). Looking at a very easy 50-60% return. Definitive agreement due to be signed March 5th. Even if it falls thru, you're left with a company (MOKA) with a book value over $4 that is profitable with high revenue growth. Easy money.

Gator