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Non-Tech : FedEx (FDX)
FDX 253.90-3.1%3:59 PM EST
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To: Diamondcutter who wrote (266)12/8/1998 10:08:00 AM
From: Darryl Olson   of 524
 
Point noted. Regarding the decline, if you look at the daily chart for yesterday you will note that the stock spiked during the first half hour and then slowly declined during the remainder of the day. I suspect there was heavy short-covering at the open which caused the spike. If I was currently short a stock that was just noted as an undiscovered internet play, I would be rushing to cover. It will be interesting to watch how this plays out over the next couple of quarters. I believe many will begin to understand the technology component hidden within this "transportation" company.

Note #214 on the thread provides a glimpse of this. Good Luck!
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