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: TEDennis who wrote (2305)	12/17/1998 12:00:00 PM
From: Stephen	Read Replies (1) of 2761

TED .... the company is not forecast to grow strongly next year so didn't justify the high P/E .... but it is now getting much better in that regard. There is (IMHO) no chance of an earnings warning ... and at this point I believe that there is tax loss ... and maybe, panic selling as the price deteriorates. I just checked the Yahoo borad for news ... but all I can find is a change of attitude as there now appears to be a bunch of posters who are positive rather than negative the stock. Maybe thats where the buying is coming from. The sells mostly seem to be really small. Smart & dumb money ??? Question is ... which is which (GG). The stock is now below its lower Bollinger which should at least cause some kind of pop back up imho ... but we'll see. If it drops more .. I'll be buying more ... what a sucker eh ??? Good luck all Stephen

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