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Technology Stocks : TIBCO Software Inc - ( Nasdaq - TIBX )

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To: JaniceH who wrote (226)3/26/2000 10:11:00 AM
From: swisstrader  Read Replies (1) of 289
 
Cramer a buyer here:
From TheStreet.Com:
Wednesday, the secondaries worked. I bought some Tibco Software (TIBX:Nasdaq - news - boards), a company that has been brought down unmercifully, on a secondary and was pleasantly surprised to be up nicely by the end of the day. (This was one of the standout performers this week after the secondary. You could tell it was going to work that morning because buyers who wanted a ton of stock weren't able to get any and there were buyers in Instinet ahead of the offering. That showed you there was a short-term bottom coming. It was a fabulous tell. You need to monitor these tells. You need to know that there's demand for these big deals because it may mean that the supply-demand equation has tilted toward demand and away from supply. That's how stocks ultimately go up.)
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