CONVERGYS CORPORATION (NYSE: CVG) Message Board

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Technology Stocks : CONVERGYS CORPORATION (NYSE: CVG)

CVG 24.41

0.0%

Dec 14 4:00 PM EST

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To: LT who wrote (45)	2/10/1999 10:52:00 PM
From: Sethpop	Read Replies (2) of 135

I don't know about charts...but I do know about portfolio management and investor preferences and given the recent spin-off I would guess a lot of institutions (who do know what business CVG is in......but might have to balance their portfolios and thus would sell all or part of their inherited position) and most of the public (many of whom did not either know, understand or care what business CVG is in...but knew they had invested in Cinc. Bell...not CVG and saw the price spike as an opportunity to sell) were selling without it having much "fundamental" significance in the short term. The price spike was a good time to sell out-of-the money calls against the position; now those calls can be bought back in for very little and new calls sold at the nearer out-of-the-money level...just not a large set of open positions yet in the further months.

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