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Technology Stocks : S3 (A LONGER TERM PERSPECTIVE)
SIII 0.00010000.0%May 12 5:00 PM EST

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To: Don Earl who wrote (12630)1/26/1999 9:04:00 AM
From: Rob  Read Replies (2) of 14577
 
SIII is BID UP in pre-market on Instinet. 7 1/2 X 7 3/4 small size.

Hi Don:

As a professional trader, I must disagree with your comment that "Massive amounts of stock went across at the bid WITHOUT a drop in price. A trading pattern that usually precedes an enormous short squeeze. My guess is there will be a gap down at the open to push the lemmings over the cliff and give the shorts a taste of blood."

No, that pattern (which I saw, too) means that there were lots of small sized SELLERS being mopped up by a big BUYER. I watched the trading in SIII all day yesterday and Herzog bought every little scrap it could above 7 1/4. You're just off the mark on this one, friend.

As for the "gap down," SIII is bid UP. Don't know if it will hold, but I thought the CC was extremely encouraging; of the "we have definitely turned the corner with this new management variety." Good luck if you're short.

Cheers,
Rob
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