Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: kumqwatt who wrote (11980)	12/6/1999 6:40:00 PM
From: RumbleFish	Read Replies (1) of 18998

<<Why the big drop in MICTF ????? >> Time to repeat the question. MICT (the former MICTF) suddenly went into free fall this afternoon. After being up a couple of points it suddenly dropped 5 pts mid-afternoon. No announcement from MICT but INSP is buying out MICTs and others interest in Saraide in a stock-only transaction. Details aren't clear (to me at least) but insp soared 17+ today. NT (another saraide holder) was up a couple (though it seemed to take a quick drop on the news as well). INSP is a hot stock so I don't necessarily see MICT exchanging saraide for insp stock as a bad thing. Comments, anyone?

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