TLAB info? Message Board

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Technology Stocks : TLAB info?

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To: BRANDYBGOOD who wrote (3786)	9/14/1998 8:58:00 PM
From: Paul A	Read Replies (3) of 7342

wow... what a day alright! I bought in at 40 1/16, which at the time seemed fantastic until it slid even further. Heres my take... The arbs got burnt in a royal fashion on both tlab and cien. I really doubt they cared much about the flat earnings forcast, and more about the fact that they just wanted to get the hell out of tlab at any price. Watching the action today was sickening.. Anytime the price would move up a bit, HUGE size would appear below the ask and kept following it down regardless of how low it fell. It was like nothing ive ever seen. From the speed of their exit, im betting that anyone who wanted to sell their position today (size positions that is) has already done so. We may take a small fall at the open as any left overs bail, but this thing has been crucified over and over the last few weeks. There is no way but up for TLAB,. I hope.

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