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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO
SYNT 40.990.0%Oct 10 5:00 PM EST
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To: RBB who wrote (913)2/26/1998 3:47:00 PM
From: Adelantado  Read Replies (2) of 2761
 
You analysis may be right, but it is probably wrong. As I see it, the price tanked last year to 8 in mid Dec., then rose steadily to 32...making a 400% rise in only 2 months. I suspect that the rapid price rise is due to MM as indicated by the very large vol at the time of the last reversal. I suggest that the price drop will continue until all the unsure holders who came in because of the rapid rise finally give up the game, get into their life-boats and sell for what-ever others are willing to pay.

I think I'll watch this baby go back to 11 with low vol. which will indicate to me that the fuel (fear and greed) feeding the fire is finally exausted thereby permiting us to use fundamental analysis again..

Joe.
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