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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (4299)	3/16/1999 10:59:00 AM
From: Francois Goelo	Read Replies (1) \| Respond to of 52051

Stock Watcher, there should be more room to go for WCAP... I have sold, as a matter of investment discipline 1/2 my holding in WCAP already for a very tidy profit, since I bought at $9 5/8. However, with COOL climbing up and all the other pending IPO's, plus the fact that yesterday the total outstanding (not the float) shares of WCAP turned over twice, putting a base on the shares of $20+, I am expecting the shares to go another 50%+ from that base to over $30.00, eventually. At $9.62/share, the shares had a PE ratio of just over 2, based on the trailing 9 months earnings of $4.58/share (to the best of my recollection). At $30.00, the PE is still only 6.5, which would seem quite low to me. Remember, the idea is to identify undervalued stocks. In my opinion, WCAP and XNET, for that matter are still way undervalued. Regards, F. Goelo + + +

To: Stock Watcher who wrote (4299)	3/16/1999 11:57:00 AM
From: Dave Gore	Respond to of 52051

WLGS Update...now trading in the 30's.

To: Stock Watcher who wrote (4299)	3/16/1999 12:01:00 PM
From: Francois Goelo	Read Replies (1) \| Respond to of 52051

Stock Watcher, Interesting Commentary about WCAP from Briefing.com... WINFIELD CAPITAL CORP (WCAP) 18 1/2 +6 13/16. Shares of White Plains, NY-based closed-end investment company have raced to an all-time high today, as traders position themselves in the stock in anticipation of the company's next big initial public offering. WCAP first came across Briefing.com's radar screen in July when the stock soared ahead of the initial public offering of online computer products retailer Cyberian Outpost (COOL), a company in which Winfield Capital held a 1.7 million share stake. While the quality of WCAP's deals have not been nearly as attractive fundamentally as those brought to market by Internet venture fund CMGI Inc (CMGI), one cannot argue with the results. After pricing at $18, Cyberian Outpost shares have reached a high of $45.50. Shares of publication subscription management company Rowecom Inc. ROWE) came public last week at $16 per share. The stock has reached a high of $39, an increase of 144% from the IPO price. The attached table lists some of the Winfield Capital companies scheduled to hit the market over the coming months. Of the deals, Winfield's largest stake is in Juno Online Services (1.18 mln shares). 1) Stock Description Filing Date Lead Underwriter Offering Amount Juno Online Services (JWEB) Internet access provider March 5 Salomon Smith Barney $86 million 2) WorldGate Communications (WGAT) cable-based Internet access provider February 9 Gerard Klauer Mattison $64 million 3) Mpath Interactive (MPTH) interactive game site February 16 BancBoston Robertson Stephens $46 million Regards, F. Goelo + + +