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Technology Stocks : RealNetworks (NASDAQ:RNWK) -- Ignore unavailable to you. Want to Upgrade?


To: SouthFloridaGuy who wrote (2215)4/2/1999 1:36:00 PM
From: gizmo&jack  Read Replies (1) | Respond to of 5843
 
RNWK is for real. As is ITVU. I don't know if any of you look at BB stocks, but EBLD (entertainmentblvd.com) will be the next hot streaming stock. It is entirely undiscovered because it is a BB. Check out the site. It is awesome. In the past month, has formed alliance with RNWK, ITVU and Level 3 Communications. Bought emerchandise.com, a top 100 shopping site (according to GNET), to hugely increase e-commerce revenues. Rumor of alliance or merger with huge multimedia search engine (perhaps Scour.net). Major new board member announcement likely in the next few weeks (rumor it is Geocities co-founder). Flagship site Vidnet already receives over 1 million hits per day and that is just one of four current sites. New site, Stargram to be out soon to discuss lives of favorite entertainment stars. Should be huge. Already sponsored by tons of huge names (just check the site and press refresh a few times): CNET, Intel, Forbes, fatbrain.com, Discover, Visa, theglobe.com, Ubid. Revenue projections to be released sometime in the next couple of months. NASDAQ listing not far behind. Honestly, the most undervalued stock I have ever seen in what will be the hottest internet sector this year. Do your own DD (check out the thread) but don't wait long.



To: SouthFloridaGuy who wrote (2215)4/2/1999 2:15:00 PM
From: Robert Sechrest  Respond to of 5843
 
Why on Earth would you ever short a net stock that made a new high? That's just stupid.

I, for one, remain unconvinced, PuffDaddy. This stock made an all-time high of 145 1/2 on March 19th after a stellar run up. It touched that level again on the next trading day, and I shorted minutes later at 141. Within two days, it traded at least once at 106 1/8. That's a drop of about 27% in no time at all. BTW, after watching it bounce around in the 100 and teens for a while, I covered at the close Tuesday at 123 5/8. So, it would seem that shorting a net stock that made a new high isn't always "stupid."

Now, some of radame's bearish comments are too extreme to be of much use, and until RNWK has found a top, I don't envy anyone short it. MSFT's disenchantment with RNWK is a good thing long-term, if this company has a lock on necessary net technology. Selling 10% of RNWK at the $40/share level was one of the dumbest things I've seen MSFT do (I see Gates as a baby who needs the whole sandbox for himself). But hey, those forgone profits are just chump change to a $500 billion company, right? :-)

To the bulls, why does 57 million registered users mean so much, or why should one pay $85 (based on $158/share) for each one? I guess I'm one of those registered users because I download RealPlayer and used it a couple of times, but I didn't send RNWK any money.

Finally, the announcement of the BCST deal was old news Wednesday night by the time it was announced, so why does it now affect the RNWK share price? BCST saw its stock run up 30 points one day over a week ago, on rumors of the buyout. Glaser is rather consistent in saying the company is not for sale, and even if it was, is there no limit to how much will be paid? Consider Lycos's fall after a tangible deal was announced, and the fact that AMZN built its own auction site instead of buying EBAY.

To Steve Antonelli, thanks for saying in post #2186 that discussion about these issues is healthy. To everyone else, please no flames; I won't respond.

Regards,

-- Robert



To: SouthFloridaGuy who wrote (2215)4/3/1999 1:42:00 AM
From: Magic212  Read Replies (4) | Respond to of 5843
 
Puff,

Let me preface this by saying I am long RNWK.... That said, in regards to shorting an internet stock after it has just hit a new all-time high... I wish I had shorted BCST the day after it's all-time high ( ~$289) instead of going long, hoping for another bump, at $272 (yep, one of those painful *lessons*) It went straight down after that, doing a reverse *split* before its actual split. Check out the chart. It was down for a long time.

Now I am not going to short RNWK, however check out the charts of CMGI & GNET and see what happened after their most recent all-time highs...

Just my 2-cents.

-Leslie