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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (4168)3/10/1999 3:02:00 PM
From: Jason W  Read Replies (1) of 57584
 
Rande,
I found the CDNW/NTKI post very interesting...
Just a thought though..It seems TOO many people feel a major run will occur after the merger takes place. I feel comfortable when it comes from someone like yourself, but not too many others. I hope this isn't a case of buy on rumor, sell on news. If everyone truly anticipates a run-up, the price would be rising dramatically already. That's not happening. The volume isn't even significant.(320k today) My opinion is that the shorts are covering to protect profits, and not give them back when/if the merger does inflate the stock.
I look for a short term run-up in price, followed by a pullback. I believe the only real pop will occur when the merged companies are bought out. When that will happen, I have no clue.
If anyone would like to predict who will buy them, and when, I'd love to hear it.
** I am long CDNW and NTKI.
Jason W
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