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Technology Stocks : Concentric Network Corporation (CNCX)

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To: Tekktrader who wrote (143)10/21/1998 11:08:00 PM
From: Dale Stempson   of 377
 
RE: SBC Relationship

It would seem to me that the SBC investment and relationship is a major positive announcement. It was interesting to see CNCX rocket up yesterday only to fall right back down. I'm curious if you or anyone has an opinion as to why we did not end the day higher?

The stock has moved up quite a bit from its recent lows, but I was feeling like this was due mostly to the reverse of an oversold condition. Maybe not. Perhaps instead, there was some rumor buying and we've been seeing a little profit taking as a result. Comments anyone?

Regards - Dale
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