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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 77.96+6.0%Nov 25 3:59 PM EST
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To: SJS who wrote (6455)7/28/2000 11:57:12 AM
From: Scotsman  Read Replies (1) of 6846
 
This is the reason you should not buy stocks on buyout rumors. Too many get hurt when they buy a stock in the hope that it will be bought. One should buy a stock only because they think it is a good company. In this case many sold off when the DT news came through, some at a loss. Then something like this upgrade comes through and we start to come back up. It would be better to hold on.

I am very glad DT fell through. We will make easily 5 times more money over the next few years if Q stays independent than we would getting 70 dollars a share with a DT buyout. JMO
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