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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: John J H Kim who wrote (10194)	3/10/1999 12:48:00 PM
From: Susan Saline	Read Replies (2) \| Respond to of 43080

dell wants to go green real bad

To: John J H Kim who wrote (10194)	3/10/1999 12:55:00 PM
From: Jay Lyons	Read Replies (2) \| Respond to of 43080

We are now taking a good look at CDNOW (NASDAQ: CDNW), the Internet's number one music store. Currently trading at $16.25, CDnow is an online retailer of CDs and other music-related products with over 250,000 different items available for purchase through its web site. Book value is $3.59. The shares outstanding are 17.7 million. The float is 4.1 million. As of February, short interest was 2 to 3 million. This adds the potential of true and serious short squeeze. On October 23, 1998, CDnow, Inc. and N2K Inc. (Nasdaq: NTKI) jointly announced the signing of a definitive merger agreement. The merger is expected to be completed prior to March 31, 1999. Total combined net sales would be in the neighborhood of $63.1 million. Total combined cash would be around $114 million. It is a merger that makes a lot of sense. As such, we expect this merger will catch the serious eye of Wall Street and the investment community. We have been keeping our eye on it for a while now, and Wednesday looked like the bottom. It briefly touched the high 13s and then rebounded. Our target is a 50% return within the next 2 to 3 weeks, in the $25 range. There is a chance it will go much higher. The 52 week high is $39 1/4. Regardless, the chart shows it is ready for a bounce in our opinion. We cannot stress this enough, we lock in profits when the opportunity presents itself. Also, we use stop limit orders to protect yourselves. CDNW: cdnow.com NTKI: musicblvd.com CDnow, Inc., the Internet's number one music store, offers more than 350,000 music related items - ten times the size of the average music store. Founded in 1994 by twin brothers Jason and Matthew Olim, CDnow is building a better music store through intelligent album recommendations, custom CDs, music samples, a vast library of reviews and features from top music writers and exclusive editorial content from Rolling Stone Network, MTV/VH1 and CMJ New Music Monthly. CDnow is the premier online music store on Yahoo!, Lycos, Lycos-Bertelsmann, Webcrawler, Tripod, Geocities, MTV/VH1 and Rolling Stone Network. CDnow is an online retailer of CDs and other music-related products with over 250,000 different items available for purchase through its web site. For the nine months ended 9/30/98, net sales totalled $35.5 million, up from $9.5 million. Net loss totalled $30.8 million, up from $4.1 million. Revenues reflect growth of the Company's customer base and repeat purchases by existing customers. Higher loss reflects increased online and traditional advertising expenses.