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Technology Stocks : INEL - Inteligent Electronics ?

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To: Dave Gahm who wrote (83)2/11/1997 9:33:00 AM
From: taxikid   of 234
 
Hi, i'm rob{taxikid} new to this this thread formerly taxi co. owner turned day trader. was long inel at 4.5 watched it hang for a week at 4.00 and then the next week i got out at4.625{ covered comm. and a few
dollars profit.{later that day-spinoff news)
This stock is a tough call.I don't know if it wise to invest on volatile news such as a blind spinoff w/out saying if there is a particular co. purchasing the shares.
If they dump xlct on the open market{the 82%)will drive the price of
Xlct into the ground like an airplane w/out wings.
This willnot be good for shareholders of inel.
I am desperately seeking more info 'cuz inel has potential to earn big
$ if spinoff goes positive.
Any info you guys could share would be helpful.
Regards,
taxi
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