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Technology Stocks : American Mobile Satellite (skyc)
SKYC 7.010-6.5%Jan 28 9:30 AM EST

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To: James D. Ford, Jr. who wrote (181)4/4/1998 8:06:00 PM
From: VALUESPEC  Read Replies (1) of 400
 
Hello everyone ! I'm back ! Solution, I'm glad you didn't get back in. I sold the last of my puts and stock on Friday. I don't like holding stocks that are going down. As I said before, however, my sales prices were locked in around $ 15 because of my puts, and stock sales. I did get faked out and bought some stock back just over $ 15, but I sold most of it as soon as it fell below $ 15 again.

The rise is due to a small float, and perhaps, early short covering. After it hit $ 16, shorting probably started again, and profit taking (those like me), began to take profit in force by $ 16.00.

It is amazing how these stocks move. I also wonder who was selling all those shares. The volume was way too high.

The ACTEL deal is expected to take place in mid-year. That should be a very good time for SKYC, too, assuming the deal takes place as expected.

I'm looking to buy back in at the right price. I'm not sure what the right price is at this time. I'll be watching closely to see what happens. Also, I want to make some calls, etc., to see what I can find out. A lot has changed since I've been away for a week !

Sir Alex, I wish it were always this good !

SKYC: $ 10.88b $ 11.00a

VALUESPEC
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