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Technology Stocks : Open Market (OMKT)

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To: Trippi who wrote (1074)2/4/1999 5:29:00 PM
From: Sonny  Read Replies (2) of 2004
 
When it comes to interpretation, street has the tendency, especially for OMKT, to accept the lower number. I guess they will take -.18 and run with the story - "exactly matched". The default action has been sell-off. Any ideas on support levels? 12 .. 10 ? Lycos stuff was pre-announced I guess, to soften the blow afterall, isn't it? I'd become heavily suspicious early morning today, when yesterday's run got abruptly terminated. Also, no signs of insider buys after Sept 4 (the buyer later sold out on Nov 27) ... on the contrary, after checking yahoo's tables, looks like a few of them register for sale and sale-it-out the same day often, just like an exercisable hot potato in hand :-)! If contrarian views dominate tomorrow (to induce max pain), it may even go up! Anyway, where might be the support level, to think about getting in for the long haul?

regards to all,
-/Sonny.
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