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Technology Stocks : COM21 (CMTO)
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To: tom ablett who wrote (1311)12/8/1999 9:35:00 PM
From: pat mudge  Read Replies (2) of 2347
 
I agree it's baffling. And I don't think it could have been based on the results, even if they were known. First of all, you have to ask yourself how a rumor could appear 15 minutes before the close. Isn't the timing a bit suspicious? (Ignoring the fact results aren't due until tomorrow.) And secondly, you have to wonder why there wasn't a slow build-up of weakness. If news leaked, word would spread slowly and the sell-off would build up over several hours.

This was abrupt and relentless once the stop-losses started triggering.

Tomorrow will be interesting, to put it mildly.

Pat

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