AppliedTheory Corporation (ATHY) Message Board

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Technology Stocks : AppliedTheory Corporation (ATHY)

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To: Magambo who wrote (72)	6/8/1999 9:45:00 AM
From: Yak-attack	of 98

When ATHY was given a buy rating, other instituions took that as a sell signal. In all honesty Bear Stearns has done a rather crappy job in supporting this stock in the secondary market. It is very easy to say that if it weren't for CIBC world markets ATHY would be a 9 dollar stock right now. My earlier post stated that I was fooled by institutional buying when this stock was only 1-2 weeks old. The reason I was fooled is simple, I saw many many times where CIBC would buy relativley big blocks of this company. This gave me the confidence to go ahead and buy a ton of shares, because I did my DD and I felt that it had good support at these levels. It turns out that CIBC likes to buy through CIBC and dump through INCA, so as they were buying the were dumping through INCA, basically scalping, thats why I called it a con job. It is obvious this company is going no where, I took all my cash bought WITC when it opened and made back a nice portion of my money back. ADIOS YAK

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