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Technology Stocks : Viasoft is an excellent stock, but what about the company?

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To: Doug Shapiro who wrote (77)1/17/1997 12:20:00 AM
From: ItsAllCyclical   of 169
 
I've shorted this stock too. Once at 52, once at 64. It still cracks me up that people make such a big deal about Fidelity buying an 11% stake. Fidelity has many funds (usually run by individuals as opposed to groups - American funds) and it may have been one of their more speculative ones that bought in. Anyways at what price did they buy in. I'd be willing to bet that most the institutional investors bought in around 5-15 and I think were seeing signs that some are selling. I think the only think keeping these babys afloat is the inexperienced individual investor who traditionally buys high and sells low. Every day I hear about another great yr 2000 company that's going to cash in. If reason doesn't get to VIAS first a market turndown will. We've already gained 5% for the year. That rate is not sustainable. Good luck shorts...
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