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Technology Stocks : nete -- Ignore unavailable to you. Want to Upgrade?


To: Sophie's Choice who wrote (177)3/18/1999 9:12:00 PM
From: Ginko  Read Replies (1) | Respond to of 369
 
Can you provide the link that indicates FMR's position of 700M shares. Thanks.



To: Sophie's Choice who wrote (177)3/18/1999 9:30:00 PM
From: Ginko  Respond to of 369
 
FMR didn't own as of 2/28
Rank Institution Shares Held Previous Net Chng. % Chng. % Owned Last Report
1 Spear, Leeds & Kellogg 88,373 50,848 +37,525 +73.8% 0.9% 12/31/98
2 CIBC Oppenheimer Corp. 61,000 46,000 +15,000 +32.6% 0.7% 12/31/98
3 C. Blair Asset Management, L.P. * 34,280 0 +34,280 -- 0.4% 12/31/98
4 BT Alex. Brown, Inc. * 32,000 0 +32,000 -- 0.3% 12/31/98
5 United States Trust Co. of New York 30,000 30,000 -- -- 0.3% 12/31/98
6 Fleet Investment Advisors (Mass) 15,000 15,000 -- -- 0.2% 12/31/98
7 Warburg Pincus Asset Management, Inc * 2,000 0 +2,000 -- 0.0% 12/31/98
8 Bear, Stearns Asset Management Inc. 500 1,000 -500 -50.0% 0.0% 12/31/98
9 Sterling Advisors 0 26,300 -26,300 -100.0% 0.0% 12/31/98
Top Ten Totals: 263,153 169,148 +94,005 +55.6% 2.8%



To: Sophie's Choice who wrote (177)3/18/1999 10:20:00 PM
From: stock leader  Respond to of 369
 
Take a look at the short interest as of Feb.--it is not much more than a few thousand shares....how can that generate a short squeeze.. In any case, I have never bought or shorted NETE and never will...I am just making my opinion which I am entitled to as a paying member. I hope for you that there is a gap up, but if I were you I would sell quickly at the open.. Any gap up in the morning will quickly result in collapse after the market opens



To: Sophie's Choice who wrote (177)3/19/1999 2:12:00 AM
From: Pluvia  Read Replies (3) | Respond to of 369
 
<<<FIDELITY just bought 700,000 shares a month ago. Netscape became a reseller of NETE's software (Siteminder) while in the middle of a merger. Now, obviously these two powerhouses did their due diligence before they joined the NETE wave>>>

Sorry to burst your bubble sweetie, but you seem to be new to this game.

Fidelity only bought because they were given a DEEP discount price - without the sale of stock to Fidelity NETE would be broke - OUT OF MONEY.

The Netscape deal is all noise. Netscape has literally thousands of similar agreements with other vendors. NETE is nothing and nobody to Netscape. Just good fodder for NETE to use in press releases.

Sucker newbie investors get excited about these relationships and associated HYPE press releases, but not the seasoned pros. Seasoned pro's look at the bottom line and see a company out of money with a product that competes with many others and that has a limited market potential.

Good luck

Steve