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