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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked
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To: Tim Luke who wrote (6431)1/9/1999 11:59:00 AM
From: Christopher Reed  Read Replies (2) of 90042
 
Tim:

I have been searching for confirmation of a buy-out rumor on ompt. Except for a early Dec 98 DJ article where ompt said they were "on the block" and the CBS MW article you posted which had a brief mention I (and my broker) havent found one. I am waiting for an Investor's kit from the co. to see their debt exposure.

After some DD, I bot 500 when there was a late afternoon dip to 11 3/8 but my timing was a little slow and I got in at 12.25.

I am a little concerned about the 195000 sh cross you posted. Was this a buy oe sell? (if you can tell)

I bot sgi on the buy out rumor at 15 in Oct 97 and rode sgi down to 7-3/8. The rumor was posted on SI and confirmed in a S.F. newspaper. (I will sell soon and have a small profit but lost 15 mounths where I could have been doing better). I wont sit on a loss again <g>

Please Please Please post any thoughts on the ompt buy-out. I don't have the sources of info that you do.

I don't want to have another sgi experance.

(Buy on rumor, Sell on News <g>)

BTW. I got a rumor that pios will be bought. Got the tip from a Computer salesman who is not in the stock market. (my son<g>) He can't find out when this buy-out will take place or what the offer is.

Good Luck - and thanks for all the hard work that you share with the thread.

Cheers.
Chris..
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