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Technology Stocks : Healthcare.com Corporation (Nasdaq: HCDC)was [HDIE]

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To: Charles T. Russell who wrote (12106)3/12/1999 2:13:00 PM
From: Emec  Read Replies (1) of 15094
 
ROFLMAO. Nothing could be further than the truth. Everyone I know is buying down here. I believe there is 1 seller primarily getting out for whatever reason. Could be one of the institutions that bought on the way up at $8 or so. Some funds have strict criteria. They will hold long term as long as the stock is going the right way but if it is not performing as they expected, as it hasn't for those that bought at $8, they will take their loss and move on. Often there is no thought that goes into the sale. It may have just gone down 20% and they pull the trigger without even investigating. This happened a couple of years ago when a fund dumped a lot in the 1s and it went to the 3s a few weeks later. They did not even check to see what was going on at the time.
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