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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: SFJayhawk who wrote (49644)7/9/1999 5:01:00 PM
From: genejockey  Read Replies (1) of 120523
 
ASYM did not run because it is a Paul Allen company... there's lots of them. It ran because it was being hyped that Paul Allen JUST bought a 42% stake in the company. Daytraders were hyping it as a new Paul Allen purchase when in fact he owned 58% of ASYM last year (and was actually a founder of the company). Today's disclosure from Allen revealed that he now owns 42% of ASYM... In other words HE SOLD, not bought.---gj

This stock going right back to 4 when idiot daytraders find out what a mistake they made.
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