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

To: Raymond who wrote (2577)	4/13/1999 1:48:00 AM
From: BomboochaBoy	Respond to of 5843

The volume is too light to support such a meteoric rise. Raymond, In the seven days since RNWK's run above 131, average daily volume has been bested six times, with more than 5 million shares traded on the first day of the latest runup. Avg. daily volume: 1,304,900 Apr 12 2,393,900 Apr 09 989,000 Apr 08 1,937,700 Apr 07 3,725,500 Apr 06 4,382,100 Apr 05 2,478,600 Apr 01 5,074,900 Volume hasn't been weak, but solid. The rise in the price is, indeed, meteoric, as you said -- from 122 on March 31 to Monday's close at 247. And yes, a takeover doesn't seem likely given Glaser's ambitions. I agree with you there. But you neglected to observe one critical momentum booster: a possible split announcement upon release of the earnings report. On top of that, with a small float (9 million), anything is possible. I prefer a 2:1 split, but a 3:1 is not out of the question. Regardless, more shares mean more potential institutional buying, and that would appear to be a given with Monday's IBM partnership news. I recall another poster claiming that the company has enough shares for a 3:1. I did not verify this. It's not a factor for me because I like the long-term prospects here very, very much. Just my $.02. Aloha, Paul