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Technology Stocks : Viatel (VYTL)

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To: blankmind who wrote (47)6/9/1998 1:04:00 PM
From: Linch  Read Replies (1) of 157
 
It time to sell your longs, and go short !!!

This stock received a strong buy recommendation from Morgan Stanley and that has pushed the stock up another 10% to the 11's. However, this rise comes in addition to other recent rises. The stock was at 6 3/4 on 05/21, 7 1/2 on 06/01, and 10 yesterday. Its time to go short. Stocks always give some back after brokerage recommendations and incredible runs like this one. I read somewhere that this stock is up 72% in the last 3 weeks (based on todays high of 11 5/8 and the low of 6 3/4 on 05/21/98).

Dont say I didnt warn you.
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