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Technology Stocks : Wintel's Demise
MSFT 519.23+0.3%9:30 AM EST

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To: Wildcat who wrote (153)9/14/1997 6:14:00 PM
From: Bill Jackson   of 328
 
Wildcat; I still think that PFG is a good bet, and that is why I bought 10,000 more for Davidson. I expect the sure bottom is about now,(+.-) as I feel there will be an uptrend when they announce the news. I still do not know what happened with the Hydra warrants(saying they were exercised by Hydra and that is public record does not speak to their fate after that; I heard Hyrda was too poor to actually buy thm, and so arranged a buy through for another un-named person, who then wanted to sell them to CMS for $3.00 +, and so the lousy report was issued, possibly as a drive down for the price, to make it hard for Hydra/? to hold under margin. Then just under the $2 some 600,000 shares were bought, in under a week. This means an intention to buy just under the margin floor. That level of support placed at $2 would have seen only 25,000 to 50,000 shares trade in that time period, thus it was lack of support at command level that caused this widsepread grief.
So I sit with my stock, and a bad feeling about CMS in my mind, and will never again be so unwary where she is involved.
Bill
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