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Technology Stocks : Spectrian Co. (SPCT)
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To: Leo Francis who wrote (371)10/7/1997 10:30:00 AM
From: Richard Tuck   of 738
 
Leo,

This is getting kind of strange. I sort of thought that the selling would subside when it hit 42-43 (where it was before the recent run-up). While I agree with you that we are experiencing a panic, I sure hope we're right. Thankfully, I am in at 26, so it is easier to take the loss of highly taxed paper profits. One thing that makes me think this is still a panic is the fact that it drops several points per day, not all in one day. If any close to hard facts were known, the stock would drop all in one or two days and then level out. This progressive collapse strikes me as general fear compounding itself.

One last fear is that this quarter could be fine, but something is not right about the next quarter.

Richard
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