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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Rajiv who wrote (9345)	6/4/1999 11:58:00 AM
From: Panita	Read Replies (1) \| Respond to of 18998

Select event - end of quiet period in one week. CAIS quiet period ends next week, you can bet that when the quiet period ends in one week CAIS will rock. Underwriters priced CAIS IPO at $19. Sitting here around $10 and change makes the underwriters (Bear, Stearns & Co. Inc. Volpe Brown Whelan & Company, First Union Capital Markets Corp., Friedman Billings Ramsey and as e-Managers(TM), Wit Capital Corporation) look like fools. They are going to support CAIS with coverage intitiation at strongh buy with a 12 month target of $35. Not doing so will make them look like crooks having priced it at $19. I would not be surprised to see a target price of $45+. But my own target is $19 (the IPO price).