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Technology Stocks : Compaq

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To: Loki who wrote (37465)11/24/1998 9:38:00 PM
From: Roads End  Read Replies (1) of 97611
 
Loki..You are correct about Kernen saying they were holding off on the announcement. I believe by making a declarative statement like "holding off" which calls attention to it by itself added the fuel to the fire. In addition, these stupid internent junk stocks tend to open up violently which would add further fuel given there was only a few minutes left to trade and get in "low". No research was done and many (justifiably) paid the price.
Understand, I do not hold CNBC responsible. They were only reporting on a stock that was already up almost 300% on the day. The people who lost money must have had it to loose and they can only look to themselves for being a fool.
Steve
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