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Technology Stocks : e.spire Communications (ESPI)

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To: Instock who wrote (191)4/9/1999 10:38:00 PM
From: David Smith  Read Replies (3) of 471
 
Large sellers out there....

I went back and studied the tape after the close. The vast majority of the large blocks were sales, not purchases. The buyers were almost all retail, in lots of 500 shares or less. Looked like some very smart players were selling into the strength. If it does not gap down, look to short this stock right at the open Monday when the weekend holders try to dump when they see no follow-through. Should be nice for a few points, especially with the overall market looking to get hit hard on the CPQ earnings warning after the close.
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