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Technology Stocks : WorldGate Communications, Inc. (WGAT) -- Ignore unavailable to you. Want to Upgrade?

To: John F Beule who wrote (100)	4/23/1999 8:57:00 AM
From: John F Beule	Respond to of 589

From Briefing: (DAYTRADER): Watching the price action in shares of CNET Inc (CNET 143 3/4 +24) and Go2Net (GNET 184 3/4 +7 1/4) over the past two sessions reminds us to remind our readers just how important it is to anticipate events. Yesterday, CNET and GNET rallied 14 1/4 points and 29 3/8 points respectively, as traders positioned themselves in the stocks ahead of the report of quarterly results. Those who held overnight got a quick ride of 35 1/4 points on CNET and 21 1/2 points on GNET, before profit-taking hit. Those individuals who did not purchase the stock until this morning weren't able to get in until $148 11/16 and $196 7/8 (opening prices) and, if still holding, have possibly seen their positions fall under water... While it is impossible to predict when a company will receive an upgrade or issue a press release that will ignite a run in the stock, it doesn't take much leg work to find out when a company is due to report earnings. There was certainly no guarantee that either CNET or GNET would report blow-out quarterly results. Throw in the fact that both stocks were trading at a level which might trigger management to announce stock splits, not hard to imagine why traders were piling into the two stocks yesterday.... Other events which one can anticipate that often ignite rallies in Internet stocks are: the initiation of coverage of a company following its IPO (usually 30 days after IPO is completed), the actual execution of a stock split the upcoming IPO of an Internet play (companies which hold large positions in these IPOs are usually bid up sharply based on potential value of their equity stake).