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Technology Stocks : Gateway (GTW)

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To: Skeeter Bug who wrote (6559)	8/22/1998 12:20:00 PM
From: H James Morris	Read Replies (2) of 8002

Sb, I think you misinterpreted my last post. What the Guy on Cnbc was saying is that after Gtw last earnings announcement, it pissed off so many investors (the stock that Wall Street hates) that the shorts and puts turned up in big #'s. The hedge fund managers love this because they can set up a short squeeze, like they did with Amazon.com. After all, what do you think made Gtw run from 49 to 63 in one week? What do you think made Gtw close up yesterday while almost every other tech stock was down? Long term or value investors coming in to buy cheap? Hell no. Hedge fund mgrs, and they might run Gtw up to 70-75 before they look for their next sucker play. Capiche?

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