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Technology Stocks : Source Media SRCM
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To: MW who wrote (119)6/1/1998 5:49:00 PM
From: Smilodon  Read Replies (1) of 3015
 
Thanks MW.

I thought the insider selling was the block sell we had talked about several weeks ago. Not really any new information :-) Certainly nothing to justify the recent decline.

I think the price action reflects the market right now. Some of the shorts may have gotten squeezed to force it to 20+. At that point we probably had profit taking and some backing off on the more speculative (ex. not currently profitable) internet plays.

It is nice to have some profit on the position, but short-term price action means nothing. It certainly doesn't prove me right on this issue.

If it falls too far, I will cover and wait for a bounce back. As you mentioned, they have two years of interest in escrow, so they will be around.

Thanks again,

Archer
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