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Technology Stocks : Vantive Corporation
VNTV 77.60+2.6%Jan 12 4:00 PM EST
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To: seth thomas who wrote (1637)3/6/1998 1:17:00 PM
From: Melissa McAuliffe   of 3033
 
I had one more thought after I sent that last post. When people talk about sebll dropping 10 points, it is important to note that of the 10 points 7 or them occurred in one day. This was definitely momentum buying which always happens on pending events. No one with a rational brain could have expected that stock to stay where it was once the split news was announced. It's the old buy on the rumor sell on the news. So when you consider that the stock was at 56 two days before the merger was announced, it really has dropped very little. Yes, it did drop from the close the day before the merger was announced and the price on which the acquisition value was based. Prior to this sebl was on a nice uptrend and I see no reason for this not to continue once all this uncertainty (which surrounds any acquisition) settles down and they product another quarter of outstanding growth.
Melissa
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