OK, here's a few remarks to attempt to bring shareholders out of the woodwork on the Syntel thread.
It appears to me that it may be that only those few of us who are SI subscribers and regulars on this thread------it appears that we may be largely the only ones buying/selling Syntel. So most of us have positions here, large or small. The prevailing opinion, the conventional wisdom, the sense of the day, the feel of the pulse on a given day, ------------- when posts are relatively frequent ---------- may cause a few of us to buy or sell on a given day.
Recently, we may have all gotten a little frightened that a really big tumble could occur in this, or in any other Y2K stock, (Or any stock, for that matter, of course)
A stock which is attracting really big purchase volumes doesn't move the small amount on the relatively tiny volume which we see in the summary of Syntel's action today.
I conclude that only a relatively small number of market participants are moving SYNT whether it be up or down.
Is it like musical chairs? We're all waiting and watching breathlessly to be sure that we do what serves us best.
If the stock took, oh, say, a $31 dollar tumble next Monday, do we have the confidence in the issue's future to ride it out, and, buy even larger positions?
It seems a bit unusual that as we have moved this close to the Split date, viz., 4-22-98 or is it 4-23-98? ------------ Seems I've seen it presented both ways. ----Seems a bit unusual that the stock isn't at least rising slightly toward its previous high.
It may be comparable to sitting in a chair with a sheet over one's head. One can hear the bustling in the room going on about him but can't really see what is happening. Syntel has not, itself, as a corporate entity, to my knowledge, issued any kind of a statement, pro or con, regarding its business volume, contracts, prospects
for new contracts, or business outlook, in quite some time.
What would happen to the stock price if this coming Monday there was a notice in Yahoo's financial section or in the WSJ that Syntel had done some positive such and such thing? What, on the other hand, if such a notice were quite strongly negative----what would happen to the price of the equity?
How many of us believe that the Y2K problem is real, but harbor the inner feeling that somehow it will ultimately be largely timely taken care of and not hurt us individually? So that if some Y2K issue like SYNT or IMRS which we happen to have invested in takes a REALLY BIG dive, we'll jump ship instantly? I can almost hear someone whispering to me, "Oh ye of little faith!"
What think you?
With malice toward none and long Syntel.
William |
