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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?


To: Lost1 who wrote (558)3/18/1999 7:56:00 PM
From: d. alexander  Respond to of 63513
 
Lost 1; thanks for response & I will check the link. I use plain vanilla TA, & have always been mystified by brief forays into P+F!
Here is something from a recent Briefing.com Story Stocks re: WCAP, what it owns & what they are..

12:15 ET ******

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).

Stock Description Filing Date Lead Underwriter Offering Amount
Juno Online Services (JWEB) Internet access provider March 5 Salomon Smith Barney $86 million
WorldGate Communications (WGAT) cable-based Internet access provider February 9 Gerard Klauer Mattison $64 million
Mpath Interactive (MPTH) interactive game site February 16 BancBoston Robertson Stephens $46 million

Gosh, the stock went bananas on Monday - so I'm hardly onto anything new :-) TA-wise (JMO!)it's probably in a flag formation; support at 14 (13dma), resistance at 20 which stopped it today; volume still falling, "inside day" today (reversal formation, I'd like to think). If the volume picks up tomorrow on a rise...that would be nice. I agree that putting on anything but a mental stop is an open invitation. d.alexander



To: Lost1 who wrote (558)3/19/1999 8:32:00 AM
From: d. alexander  Read Replies (1) | Respond to of 63513
 
Did you see this?

Winfield Capital Corp.
Dow Jones Newswires -- March 18, 1999
Winfield Capital Director Has 11.95% Stake

WASHINGTON (Dow Jones)--Winfield Capital Corp. (WCAP) director David Greenberg reported an 11.95% investment stake in the company.

In a filing Thursday with the Securities and Exchange Commission, Greenberg said he bought 145,000 common shares on March 15 at $22.35 a share, and currently holds 641,933 shares of the White Plains, New York investment company, for investment purposes.