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Technology Stocks : On2.com (ONT-AMEX)
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To: Zeev Hed who wrote (267)1/15/2000 10:02:00 AM
From: Jim Cash  Read Replies (1) of 553
 
Zeev,

I think a lot of the late day decline was due to selling by swing traders who bought on the blow out Thursday or early Friday. Volume in the morning was somewhat strong but petered out after lunch at which time the stock started it's slow decline on light volume until the last 1/2 to 1 hour at which time volume picked up.. I venture to guess that is when the swing traders decided that it was best to exit. I was watching the real time and it appeared to me that a few aggressive sellers were at the ask and they simply kept dropping the bid, the seller followed, etc. etc. etc.... Overall I would expect news this week... I called the company Thursday and was told the RoadRunner deal is solid.
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