Re: Netscrape

The Jester (
Sun, 8 Mar 1998 16:14:15 -0800 (PST)

Sticking your neck out? Buy Puts.

> SJ Mercury this week reported on top Netscape executives
> filing to liquidate large portions of their stock holdings.
> While this doesn't mean they will actually sell their shares,
> it usually means that it will happen. Witness Jobs filing
> with the SEC and Apple, or Smith's filing with FileNet. Given
> these two examples, it's hard to speculate on the future
> of the stock, but I don't think I'd want to be holding
> any of it as it seems like some big shakeups at Netscape
> in the coming quarter. This filing has re-ignited rumors
> about Oracle, Sun, IBM, and others about purchasing all or
> part of the company, even though all parties deny it, and
> all have publically stated that it is not attractive at
> it's current valuation. My interpretation? It will be
> bought when the stock hits $7 which will be what the
> company's worth plus a small premium. This prediction is
> based on both on techical analysis of the stock prices
> and my personal evaluation, but what the heck. I like
> sticking my neck out.
> Greg