Diana Corp. Message Board

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Technology Stocks : Diana Corp.

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To: S. maltophilia who wrote (5)	9/11/1996 4:24:00 PM
From: Dylan Yolles	of 14

The exits get crowded with panic-stricken individual investors, not with the 5-6 big institutional holders, all of whom are smart enough to sell rationally if they think the fundmantals of the company are deteriorating, not the stock price... My instituional "friends" bought in at prices from 15-40 and held without selling as the stock traded up to 120 and then down to the 20's. One money manager did sell part of his position in the low 50's but bought back in in the high 20's and low 30's when the stock started showing signs of life again. You can say that they were stupid for not having sold at 120, but they do believe in the fundamentals of the company--they insist that the technology is real, that this isn't some kind of "scam" company the way Asensio would have us believe. They aren't really looking at the stock price. Dylan

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