SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : DRIV (DIGITAL RIVER). Get in on internet IPO.

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: fiberman who wrote (2112)6/10/1999 11:26:00 AM
From: M. Frank Greiffenstein  Read Replies (1) of 3198
 
Shake out?

FM, I see this type of price action after a nice piece of news comes out. Remember "Buy the story, sell the news"? Although I usually do not believe in the "MM conspiracy" theory behind violent price moves. But it does happen once in a while where a MM will briefly manipulate the price downwards to let a big buyer get in at a lwoer price.

For your information, PDI is about as big as an organization of psychologists can get. That's not very big. This contract to provide back office suport is not going to make DRIV tons of money, but it is a good illustration that DRIV is not just about electronic software delivery...it is about management of e-commerce.

DocStone
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext