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Technology Stocks : Open Market (OMKT) -- Ignore unavailable to you. Want to Upgrade?

To: hiram rohira who wrote (1264)	3/23/1999 8:37:00 PM
From: stratolink	Respond to of 2004

I Predicted on this thread the Last OMKT jump to 14.5 you refer to. It will return again IMO. I have traded OMKT many times. It has to drop to under 12, even something like 11.5, for the occasional day trade hunters like me to notice the undervaluation, undersold status, and jump in. It will then rebound in a day or two to 14 or so, IMO. Its on the way down to another under 12 low, in a day or so. Get ready to go long. Patience sometimes works in the internet stocks -- I was long on EGGS since January, waited it out, didn't take any losses, and now its jumped in the past two weeks and I'm starting to peel off profits.

To: hiram rohira who wrote (1264)	3/24/1999 9:06:00 AM
From: B.Bora	Read Replies (1) \| Respond to of 2004

Following from recent Raging Bull Newsletter .... I found this message on RagingBull and copied it just like it was posted. "Theres lots of reasons not to own this stock - but they pale in comparison to the one huge reason_to_ own it, and that is they are the technological/market share leader in a potentially explosive growth industry. Now its clear that OMKT has sacrificed profitability in the short run, to capture market leadership. Its a classic business strategy decision. If microsoft has taught us anything - its that installed base counts for alot. It may not payoff, but I'm betting that it will. Rumors of takeover are heating up again. I've seen these rumors come and go. But this time, it appears to me to hold more water. Firstly, Gosh (the founder) has departed from his involvement in daily operations. Secondly, the Shareholder rights agreement was just revised to clarify language regarding takeover provisions. Thirdly, the CFO resigned (they usually do at the company being acquired because there's no room for them). Fourthly, (and this was reported in PC WEEK on monday), that OMKT has hired an investment bank to help structure a possible sale. Finally, the last time Eichorn appeared on CNBC (late last year), he was asked point blank "is OMKT for sale?" and his answer was "at the right price, sure". The rights agreement spells out that anything less than $65 per share unsolicited is considered hostile. So, there are plenty of clues out there that indicated a sale is imminent. We should get a BIG premium over the current price."