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Technology Stocks : FORE Inc.
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To: Igor Nasonov who wrote (7255)1/22/1998 8:07:00 PM
From: Paul A   of 12559
 
Looks like you have it pretty much figured out.. Sounds about right at this point. Im surprised we didnt drop below $15 considering.. Funny but most of the damage was started pre market- imagin that... I still have a position only because im an idiot, in plain english. FORE produced fantastic results this quarter but when a stock is being manipulated, it really makes no difference at all..

I guess now we know who was accumulating the stock in large chunks each time we would dip below $15. Not a bad profit in 1 month considering most large blocks were dumped at 15 15/16-16 and change.

Well, enough of this bullshit for one day. The question now is what next? Have we reached a bottom or will this stock just drift downward to a new trading range of 12-14?? Support is all confused now, and thanks to the support of our anal-ysts today,(or lack of I should say)- we could very well be holding a bag of shit for the all of 1998...just about the only GOOD news is that this adds fuel to takeover rumors. Cheap cheap cheap, and lots of happy customers...

oh yeah- one more interesting thing. I contacted Porcsche in IR this morning and my first comment to her was that I was very impressed with their numbers, but would like to know why I keep seeing 20-50k blocks being dumped at the bid all morning. After telling me she had been awake all night she said that the conference call went well and the feeling was all the analysts seemed optomistic with no change in their outlook for the future. She said she had no explanation for the decline and that the entire company is very upset that their report was received so poorly.
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