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Technology Stocks : DIGL... Digital Lightwave.... Making Waves....

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To: UnBelievable who wrote (845)8/27/2000 1:15:08 AM
From: Toby Zidle  Read Replies (2) of 934
 
Here, I think, is the key to the losses DIGL has suffered in the last two days. You said, "Dr. Zwan is still the largest DIGL stockholder. If he should decide to divest his shares quickly that could depress market."

Per the press release, Zwan is not only the largest DIGL stockholder, but the MAJORITY stockholder. There seems to be an almost tangible fear that Zwan will decide to dump his stock. It doesn't take much imagination then to foresee what could happen to the share price. It's potentially somewhat like the shock an IPO goes through at expiration of the lock-up period.

Now I have to hope that other people appraise this risk differently and recognize DIGL under $100 as a bargain.

I'm still long.
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