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Technology Stocks : Premiere Technologies (PTEK)

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To: Doug Leicht who wrote ()5/22/1999 12:54:00 PM
From: Fiscally Conservative  Read Replies (1) of 1270
 
WOW!!! There are so many positive posts here,more than usual. Maybe Monday will treat us better. Last Wednesday-night I was looking for a good situation to get into on Thursday. I came across this baby and wondered that it may jump on Thursday. I bought in at 17 1/8 and wanted to trade the shares. Well,I didn't. I am Long here. The more I looked at the stock and examined the SEC filings I realized that the stock should trade higher than just 20 7/8,wh8ich by the way it did on Thursday morning.Joe Kernan spoke positively about the stock and all hell broke loose,but the stock wouldn't trade higher.UMMMMM!!!
Friday was the option expiration date so I wonder what next week will bring.This baby should have traded higher last week and for reasons that I don't fully understand it did not. The short term looks good. I'am glad I held. If it ain't next that we get the significant bounce,it will be soon enough after.Good Luck to all longs.
By the way...it seems there were many Shorts on board. I wonder how many Longs have margined this stock. I realize that with margin you are allowing the brokerage firm to lend out the shares you have on margin as opposed to owning the shares outright which the brokerage firm can not lend. Maybe by limiting the available shares that can be shorted it would help the stock climb that slippery hill. Just a thought. I know there is much more here than meets my blind eye.
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