IRID - Iridium World Communications IPO Announced! Message Board

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Technology Stocks : IRID - Iridium World Communications IPO Announced!

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To: Sr K who wrote (2077)	6/25/1999 10:33:00 AM
From: Truc Hoang	Read Replies (1) of 2693

> <<It is so unusual for>> shorts to know how many shares are > outstanding and longs to believe what they read. You lost me. What is the message? Based on today's morning trading pattern, yesterday looks like a spike which is based on some good news and some medium quantity of day tradings by individuals and by firms. This pattern looks similar to GERN and EGHT except that when they really spike, their volume on that day is much more over half of the total number of share. Then they start to settle down the next few days until they hit some base. IRID spiked yesterday with smaller volume than a stock that get day trading thus I have a difficult time understand the pattern. I am long on all three stocks but all three stocks are being played on at times by day traders and thus generate the hard to stomach, incredible volatility.

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