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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE!
RACE 338.49+1.5%Jan 29 3:59 PM EST
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To: MulhollandDrive who wrote (27994)2/20/1998 5:09:00 PM
From: Jeffery E. Forrest  Read Replies (2) of 33268
 
Hi bp.
Been reading all the conjecture with no small amount of amusement.
Maybe I can shed a bit of light on yesterday.

It wuz them damn daytraders. Two of the different Daytrader forums were scalping the living hell out of it.

I jumped in early for some fantastic $$$$. The price target that was originally set out was 3 3/4. That's why it bounced off that price so hard. Lots of sell orders there.

I have no idea what started it all, but I suspect "drakes'" comments earlier inre converts may be at the bottom of it all. As you remember the convertibles were a major reason I shorted this thing WAAAY back when.

It was an amazing thing to watch, no?
I woulda clued you in, but it all happened so dang fast I was out with the moola before I was even sure if I was in!<GG>

Unless there really is some news out there to be had I would suspect volume will slowly subside until the price stabilizes right where it started out. There might be a couple more good trades for 8's or quarters though if you shoot fast enough

Go take a look at CAMP. That was a similar play called earlier in the week. Looks REAL similar to what happened here. The sell point on CAMP was also 3 3/4. (Look at the high of the day<G>)
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