SYNTEL (SYNT) - Upcoming Year 2000 IPO Message Board

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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO

SYNT 40.99

0.0%

Oct 10 5:00 PM EST

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To: R. Bond who wrote (2219)	11/25/1998 10:51:00 AM
From: Stephen	Read Replies (2) of 2761

R. Bond .... from a technical standpoint, this looks like a basing pattern to me. Sure it could go down some more, but one thing I am relatively comfortable with, is that it will be higher sometime in the future. Call me old fashioned ... but I like to have some fundamentals as I'm not in a position to trade at the moment.... so the internuts are out for me ... though I have traded Netscape recently :). Also, from a technical standpoint ... I'm not sure that anything other than basing pattern is the thing to go for here. A spike past 15 on one day ... something it is capable of, isn't a trend ... then it could go another 2 points ... then another 3 ... and a trend starts to form ... but guess what ... 8 points just went west .... I understand what you want before you buy ... but I think that now that a basing pattern seems to be in place, averaging in would be the best strategy. As I hold a position, I want a dip before I buy more .... But ..... the dip hasn't happened today so far ... :(. got my order in though !! Good luck all Stephen

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