PC Connection, Inc. (PCCC) Message Board

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Technology Stocks : PC Connection, Inc. (PCCC)

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To: Smiley who wrote (62)	12/25/1998 12:23:00 AM
From: Evan Stern	Read Replies (1) of 180

Joe, What happened is daytraders like myself bid this stock up preopen on instinet & Island. There was apparently alot of hype they would announce some internet auction site. I saw this thing 2 minutes before the opening bell bidding $39, it closed Wed at $14 or so. As soon as the market opened anyone with a position in this stock sold out as it was up so much, and all those sellers drove the stock down. I got a lucky short of 500 shares at $39 3/8 and made a very nice profit in about 3 minutes. I will repeat what others have said market orders at the open could mean death, especially with the way some stocks have been gapping up & down lately. Good luck ! Evan Stern

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