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Technology Stocks : EARTHLINK (ELNK)
ELNK 5.6300.0%Mar 8 4:00 PM EST

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To: uu who wrote (2309)2/12/2001 12:03:05 PM
From: Oeconomicus  Read Replies (1) of 2553
 
Addi, my understanding is that the First Albany guy has been pushing NetZero for about six months.

Big question is who is selling into this? That 1.9 mil block on Friday went at the low for the day. I can't imagine that there is some fund that would have bought or held in the 5-8 range only to dump at 9.25. If not a fund, who? Sprint? Very strange.

Good news is that we've got tons of stock in fresh hands. Some of the $5 bottom fishers have probably taken profits and some long-term sufferers who had given up and were just waiting for an exit window, have taken advantage of the rally to move on. Hopefully, most of the stock changing hands is ending up with patient value investors and not just speculators hoping for immediate buyout news. ELNK is in play, IMO, but it could still take a while for things to fall into place.

Bob
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