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Technology Stocks : Orckit (ORCT)

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To: Bennett Zimmerman who wrote (1076)4/3/1998 1:23:00 PM
From: savolainen  Read Replies (1) of 1998
 
[if you like cloak and dagger]
repost from yhoo

fwiw ... suppose as good an explanation as any...
(thanks leitct for posting)

in any case as 9r so aptly put it: seems that specialists have been "shaking dah tree" to get ahold of stock...

Great Buzz on this ONe
Courtesy of leitct
Apr 3 1998
12:50PM EST

"Rumour has it that some insider(not part of the company but knowledgeable of the ADSL deployment) was trying to accumulate ORCTF on post earnings weakness but pre deal announcement. To prevent this from happening the company announced their very vague deal yesterday driving the price up and out of this guys range. They had planned to wait and make the announcement with all details( who and how much? )later.

All very cloak and dagger.

A trading newsletter has come out and said they don't know whether any of this is true but take some profit none the less. Thats why the stock is lower. They reitterate that they do like the company long-term. Seems to me if you didn't get them out at 21 to hang on. "
messages.yahoo.com@m2.yahoo.com
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