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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO
SYNT 40.990.0%Oct 10 5:00 PM EST

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To: Gilbert Drapeau who wrote (2274)12/16/1998 10:45:00 AM
From: JDN  Read Replies (1) of 2761
 
Dear Gilbert: Yes, very encouraging, but that IMHO is not current news. Volume was high yesterday and appears to be starting out strong this morning with stock price dropping. That says to me in my feeble judgement that someone is selling and not to concerned about the price they are getting. Could be a fund liquidating, or could be the founder deciding to raise some cash for him or her self. We wont know for a couple of weeks unless someone has a service that gets info in "real time" and would share it with us.
Has anyone contacted the company to see if they have an explanation they will share with us?? If there is bad news coming, which I sincerely doubt, the must disclose it publicly, especially when they see that it may have apparently leaked. JDN
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