Cyberian Outpost (Symbol: COOL) Message Board

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Technology Stocks : Cyberian Outpost (Symbol: COOL)

COOL 0.103

+10.6%

Sep 5 5:00 PM EST

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To: CGarcia who wrote (322)	11/28/1998 9:09:00 AM
From: Paul Motter	Read Replies (3) of 1932

Friday was daytraders taking money out for the weekend. All of the selling occured in the last half-hour and that is usually an indication that a lot of day-traders were taking their money of the table before the weekend. There was a lot of after hours buying at prices higher than the close. I expect a gap up on Monday. Day-traders don't like to hold over the weekend because they don't want their money to be affected by any news that could come out (not that I expect any bad news about COOL). As long as the stock continues to trade with good volume they will be back. I suspect the commercials will get a lot of buzz this weekend, and there could be a renewed buying spree. A lot of investors are probably just beginning to hear about this company. It isn't a darling of the institutional crowd, however. The buyers are nearly all retail investors like you and I. But the same is true for a lot of stocks that are going up these days. I doubt that many institutions are still adding to their positions in Amazon at these levels, but the stock keeps going up. A lot of regular folks took money out of the market when it "crashed" and now they are getting back in. CNBC guests have said there is still a lot of cash on the sidelines. When these people get in, a lot of them are hearing about the Christmas ECommerce boom and they want to participate. They will see Amazon at 200, and COOL at 33. Egghead was up 10 on Friday. And COOL was up all day until just before the closing bell. That is a definite mark of traders just getting out for the weekend.

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