John, Mike & Tom's <b>Wild World of Stocks</b> Message Board

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Technology Stocks : John, Mike & Tom's Wild World of Stocks

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To: John Pitera who wrote (845)	4/19/2000 3:03:00 PM
From: Original Mad Dog	Read Replies (1) of 2850

John, As I said in my PM to you, I like TIBX at 50 to 55, but I am holding back on establishing full positions in anything in this crazy environment. If the numbskulls at CNBC stir up the rabble some more during this downdraft, it could be available at 40. Speaking of CNumBC, I am told (not near a TV today so didn't see it myself) that they ran a list of the top 5 B2B's in terms of being nearly out of cash. They included CLRS on the list as No. 5. These "journalists" used Dec. 31 cash figures, even though CLRS just raised at least $15 a share (about $200 million) in a secondary priced at $115 in early March. CLRS immediately went back down to 37 or so, giving it a market cap of just over $500M. I guess I should be hoping for a repeat of the $24/share fire sale from this past Monday. Shakingmyheadinwonder.com

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