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Technology Stocks : Metrowerks (MTWK)

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To: make.it.co who wrote (131)6/26/1998 3:47:00 PM
From: Sam Ragucci  Read Replies (1) of 158
 
I see it (declining) but I can't explain it! It does seem that there is no institutional support - very small selloffs drop the price.

And yes, it's hard to make money shorting (or trading long) a stock with a spread of nearly 10% of its value!

As far as news, the only substantive news I've seen is the deals they have been making (Macromedia, AMD, etc.) which seem to me to be positive for the stock. My opinion (and it is only an opinion) is that the folks who are selling don't know any more than we do, but have lost patience waiting for the stock to make a (positive) move. Since I have no confidence in being able to find the right time to get back in, I'm holding...

Good Luck,

Sam
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