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Technology Stocks : Veritas (VRTS)
VRTS 162.51-0.4%Jan 2 9:30 AM EST
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To: Olu Emuleomo who wrote (245)10/8/1998 2:49:00 PM
From: chenys   of 742
 
The trouble is that such drop invites a lot of traders coming for a quick profit, and, therefore, as it bounces, they will sell while others who missed out go short, thus the price would never bounce to where it was.

I suspect that this merger may be a smoke screen of the weakening business of VRTS. (something like starting a war to divert political tension inside a country) In other words, this drop, if not happening today, might happen in the near future anyway. There might be a problem there already. We will see.
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