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Technology Stocks : ZD Inc., Ziff-Davis (ZD) -- Ignore unavailable to you. Want to Upgrade?

To: Axxel who wrote (487)	3/16/1999 8:45:00 PM
From: Maverick	Read Replies (2) \| Respond to of 855

ZD easy hit 40 Well the announcement that SEC approval has been obtained never came out today, despite the IR office telling me yesterday that it would appear. Now they are saying that it will be some time this week. So we are basically trading this week on no news. That is why the volume is relatively low. Till we get institutional buying or news expect more days like today and yesterday. The road show starts tomorrow which may cause a spike in volume and/or price ( they tend to rise together with ZD at least). Also I noticed that ZD only has 1 buy and three holds. If/when someone upgrades ZD that should be good for at least 2 immediate points. Assuming that GS recommends ZDZ, does it automatically follow that they will also recommend ZD? Seems likely, since ZD owns 80% of ZDZ. Another seeming negative is the large number of shares outstanding, but in reality the float is much much smaller because institutions and softbank own so much. Therefore if/when there is a run this baby should fly like an Nasdaq internet almost. I think that will be the sign that maybe we should begin thinking of lightening up our holdings. But until ZD has a 5 point day, it's still just gradually heading northward so hold on. 30 looks like an easy target and 40 is looking more and more doable. I'd say there is a 35% chance we hit 30 by Friday. I don't see a lot of option pressure right now so any news will move ZD pretty fast. Tomorrow will be interesting to see what effect if any the road show has on ZD. The road show is starting tomorrow at ZD's NY headquarters... From a post on Yahoo. I don't remember which one.

To: Axxel who wrote (487)	3/16/1999 9:14:00 PM
From: Maverick	Respond to of 855

One can never be faulted for taking money off the table. But when a trader comes across a compelling momentum play in a surging market, it usually makes financial sense to exhibit a little more patience. The action in the Internet group over the past week is an excellent illustration of the type of market that causes many daytraders to transition to position trading mode. Factors contributing to the euphoria over the past week include: investors attempting to will market to historic 10,000 mark; presence of theme-based rally in recent Internet-related initial public offerings; Internet stocks historically having been very strong in the month leading up to earnings season. With few potential obstacles to trip them up, traders ran amuck in the Internet group. They paid particular attention to technically strong issues; e.g. stocks setting new 52-week highs, stocks making several days of consecutive advances, stocks with swelling volume. See chart of Bottomline Technologies (EPAY) for an example of the price and volume action to which we are referring. Other stocks which participated in recent rally include AboveNet Communications (ABOV) and Intraware (ITRA). By Briefing.com

To: Axxel who wrote (487)	3/16/1999 9:32:00 PM
From: Maverick	Read Replies (1) \| Respond to of 855

Billionaire Microsoft co-founder Paul Allen agreed to buy a $300 million majority share in Go2Net Inc., in a deal that could make Go2Net's Web sites a main Internet destination for many cable-TV users. Go2Net's stock soared by nearly a third on the news, rising $26.38 to $113.38 on the Nasdaq stock market. The Seattle-based company runs a network of Web sites focusing on personal finance, Internet search, commerce and games. Allen's investment firm, Vulcan Ventures, owns stakes in cable-TV companies that provide high-speed Internet access. Allen's Vulcan Ventures recently bought interests in Marcus Cable of Dallas and Charter Communications of St. Louis, making him the world's seventh-biggest cable operator with 2.4 million cable customers. Charter's holdings in 19 states include systems in Watsonville, Capitola and unincorporated parts of Santa Cruz County. Allen's investment gives him a 54 percent interest in Go2Net.