Primestar/TCI Satellite (TSATA) Message Board

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Technology Stocks : Primestar/TCI Satellite (TSATA)

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To: Jim S who wrote (245)	1/22/1999 10:26:00 PM
From: M. Dion	Read Replies (2) of 442

Several people brought up the fact that they thought the stock was shorted huge today....I think the example used in comparision to LTV.......Im telling you...NO WAY...... You saw this stock open up with huge news announced.....day traders were coming in by the hoards......30 million traded....means at the very most 15 million bot and sold.....this doesnt take into account triple prints (Tons of them) and....quadruple prints...... My estimate is that you saw about 8-10 bot and sold.......this doesnt even take into account the day traders looking for a pop.....and remember, with a $1+ stock...it doesnt take a big move for a nice gain....... add all that to the fact that the information that came out wasnt clear....look at this thread....some think they end up with nothing....some $1....some $5......Bottom line is that it will trade for a while more....dont be surprised if we see a restructuring....maybe even an announcement of them entering the internet...... just my humble opinion, but its not short...... mike

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