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Technology Stocks : Vodafone-Airtouch (NYSE: VOD)
VOD 12.38+2.0%3:59 PM EST

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To: Chuzzlewit who wrote (910)3/24/1998 6:48:00 PM
From: David Wiggins  Read Replies (2) of 3175
 
Paul,like myself,I believe that other investors feel this is a no lose situation. Buyout rumors are the proverbial "straw that broke the camel's back" of resistance. Investors are jumping in hoping for a short term bonanza with the confidence that long term the stock is good for these valuations based on it's fundamentals. The stock would probably have gotten here anyway, the buyout rumors merely accelerated the situation. I do feel that the buyout rumors (and the fact that they are being taken very seriously) made the speed of this move possible. If the rumors are true, I think there is still lots of room on the upside. That's my take on it for what it's worth. Regards, Dave

PS any new blockbuster news as in your prior post?
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