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Technology Stocks : FBN Associates: A Perfect Company
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To: Don Pueblo who wrote (1277)7/1/1998 10:22:00 PM
From: EL KABONG!!!  Read Replies (1) of 2117
 
TLC,

Who was doing the buying? Daytraders? Short termers? Certainly not institutionals on 1000 shares or less per trade. Long term holders wouldn't be buyers into an increasing price. Neither would value players, who wouldn't be here anyways. So that just leaves the daytraders, the short termers and the momo players. Or people who have reason to expect an important piece of company news shortly.

KJC
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