The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: thebeach who wrote (21027)	3/29/1999 5:15:00 PM
From: MrThesp	Read Replies (1) of 90042

<<Fundamentally even you have to be a little shocked at the way FORE behaved today.>> Why? It didn't do anything particularly unusual. People bought in on Friday thinking a merger might happen over the weekend. When it didn't, they jumped ship, driving the price down, and it traded sideways the rest of the day. Without any fresh takeover news there was no excitement created to drive the price higher. More important is that it didn't tank at the close. For every seller there was a buyer and it held its ground. This move is taking a little longer than XYLN, in some folks' opinion, and they want their cash available. They're probably relying on the comments in the Australian article and waiting ‘til the beginning of April or so to jump back in. Personally I hope the miss the boat. :-) Patience is not my #1 trait but I'll be damned if I miss this one!

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