VIAB (Viacom Class B shares) formerly CBS Message Board

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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS

VIA 30.35

-1.5%

12:49 PM EST

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To: Brewmeister who wrote (2608)	9/25/1998 10:22:00 PM
From: Patrice Gigahurtz	Read Replies (2) of 4613

Remember 4 Mondays ago ? That was the day the DOW tanked so big that CBS dropped from its prior Friday close of $29 1/4 to $25 3/4 ! A 12% tank ! Here we are again at $25 and change I can't figure out why ? After that Monday $25 3/4 close 'she' managed to close the week at $26 1/16th. However, the next week 'she' started Monday's session at a $27 7/8 close and yet finished that week at $24 1/2 ! Then somehow the next week (Friday) 'she' closed at $28 5/8th and it was here, a week ago today, that I incorrectly assumed all was well with the stock. Wrong ! After 5 days 'she' went from that $28 5/8th close to $25 9/16th which isn't far from 'her' intra low of the week ! What could be going on ? All of this is after MK made those statements regarding 3rd and 4th qtr, ratings seems to be improving, etc. Just doesn't add up to me. As a possibility is it at all possible that funds needing profits to balance out losses are selling stocks which improved greatly over the last two years ? I recall in the summer of '96 CBS hit $15 1/2 and so in two years 'she' has grown quite a bit, even at $25 9/16th thats a +65 % gain in two years from $15 1/2 to $25 9/16th. So, is it at possible that when Sept ends that the selling could lessen and we could maybe see better quotes ? Any thoughts as I am at a loss for what this stock is doing. Thanks

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