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Technology Stocks : WTT-Wireless Telecom.
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To: steven d. zapf who wrote (2164)6/22/1998 9:09:00 PM
From: Scott Bergquist  Read Replies (3) of 2426
 
With all the TA charting software on PC out across the land, a lot of these moves are self-fulfilling prophecies. Suddenly WTT pops out on screens (?who?!!) but they buy anyway b/c their program says, "okay!". I am sure there has been no change in fundamentals. Asia has not turned better (maybe worse!) and WTT claims that is their downfall.
But there may be an untold story here..I think the way-out, out of the money call options at 5 are significant. Someone must think if they get way out there, perhaps the SEC won't notice them.... heh, heh. I read in WSJ that the SEC is now rolling through the internet postings after mergers/buyouts are announced.
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