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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: TonyM who wrote (11282)	3/24/1999 8:49:00 PM
From: John J H Kim	Respond to of 43080

For those intersted in the full write up on DGV in Business Week: Why Digital Lava Could Erupt Not every Internet company that goes public blasts off. Digital Lava (DGV), initially offered at 7 1/2 a share on Feb. 17, headed south and now trades at 5 1/16. Blame it on lack of hype or a technology that investors may have found difficult to comprehend. But some bulls aren't worried. They think alliances and contracts for Digital's video-publishing software will fire up the stock. ''Digital is a very undervalued play on the future of video applications on computer networks,'' says Brian Hathaway of Hathaway Investment Advisers, which owns more than 230,000 shares. Digital develops software for creating videos used for training, research, and Net marketing. With Digital's flagship product, vPrism, creators of videotape can develop programs for interactive multimedia applications for desktop computers. Digital's VideoVisor lets users edit and manipulate video linked with other types of information, allowing integration of digital video and audio content with other types of info typically stored on the Internet or intranet. Digital's partners include Microsoft, RealNetworks, and Silicon Graphics. Digital is a vendor for NetShow, Microsoft's software for viewing streaming media over the Internet or intranet. Digital also licenses Microsoft's Internet Explorer kit. Microsoft's lead product manager, Gary Schare, says Windows' media technologies, combined with Digital's video publishing, ''provides our customers with powerful solutions suited for communication and learning-on-demand applications.'' Digital CEO Joshua Sharfman sees the company's ties with Microsoft just ''scratching the surface.'' One money manager speculates that Microsoft may incorporate Digital's video software in its suite of products. Ray Dirks, director of research at Security Trading Capital, expects the company to turn a profit next year and earn 72 cents a share on estimated revenues of $18.7 million, vs. an estimated 1999 loss of 78 cents a share, on sales of $4.1 million.

To: TonyM who wrote (11282)	3/24/1999 9:20:00 PM
From: LastShadow	Read Replies (1) \| Respond to of 43080

Indices My Bear Fund entries were on 1/19, 2/1, 2/24 and 3/19. SYMBOL NAME CLOSE CHANGE CHANGE % CHANGE % SINCE 3/19 XAU Gold/Silver 62.8 1.66 2.71% 0.53% XOI Oil Index 435.81 0.23 0.05% -0.58% XCI CmptrTech 853.44 25.99 3.14% -0.66% TXX CBOE Tech 475.08 10.8 2.33% -1.54% NDX NASDAQ 100 2,013.00 52 2.65% -2.00% MSH MS High Tech 963.36 18 1.90% -2.06% OEX S&P 100 635.5 3.61 0.57% -2.25% CPS S&P 500 CAP 45.75 -0.063 -0.14% -2.27% SPX S&P 500 1,268.55 6.45 0.51% -2.36% GIN GS Internet 482.78 -3.04 -0.63% -2.69% RUT Russell 2000 384.4 1.03 0.27% -3.07% BTK BioTech 184.35 -1.88 -1.01% -6.57% TOT/AVG 1.03% -2.13% No, still se a correction in the air. 1250 on the SPX is a critical support level. Funds still aren't buying, and not expected to - just the opposite. Next week ends the first quarter, so they will be letting go stocks that are both dogs and those that have run up enough to justify taking safe profit. I will be looking for patterned sells for shorting opportunities and smaller bounces on bad news selloffs. Much of the selling that may occur could wait until the first few weeks in April, but I suspect sooner due to other market forces. The funds can pressurethe market to move in other ways, and I don't think they want to go far into the 2nd quarter without investing some of those billions they have been accumulating for the last 10 weeks. My intent after I see those types of fund buys will be to restart the Position Trading Account in earnest. But I think that most can see the reason I stated in January I would suspend it until we were out of the horizontal correction. Right now the Globex GFutures are looking pretty good for tomorrow, but Friday will be the crunch day I suspect. lastshadow