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Technology Stocks : Advanced Radio Telecom (ARTT)

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To: mmeggs who wrote (507)3/24/1999 11:04:00 AM
From: SteveG  Read Replies (1) of 1176
 
<..My question is why, with tons of buying coming in, not let the stock run to 10 or 12 and THEN sell...>

If you can, sell into strength, especially if you don't believe it is justified.

<..Financing deal requires Commco to reduce their stake below 5%. (Reduced it to 4.99%) Had to sell as fast as possible without killing the price because of the upcoming 1st quarter deadline for financing...>

I guess it's possible but doesn't seem likely. If "good" funding was somehow assured, a syndicate would likely have been put together to purchase Reardon's shares rather than open market selling.

trans/GV - any thoughts on this?
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