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Technology Stocks : DRIV (DIGITAL RIVER). Get in on internet IPO. -- Ignore unavailable to you. Want to Upgrade?


To: fiberman who wrote (2112)6/10/1999 11:14:00 AM
From: eleebee  Read Replies (1) | Respond to of 3198
 
The NASDAQ is down, Internet stocks are down, DRIV close to a resistance level all make for profit taking. With the volume we
also can expect day-traders to enter the picture. When all of the
above turn positive then DRIV will resume it's upward march. But
again 30 is a strong resistance level and we have to break above it
decisively in order to continue to the 40 level.
eleebee



To: fiberman who wrote (2112)6/10/1999 11:26:00 AM
From: M. Frank Greiffenstein  Read Replies (1) | Respond to of 3198
 
Shake out?

FM, I see this type of price action after a nice piece of news comes out. Remember "Buy the story, sell the news"? Although I usually do not believe in the "MM conspiracy" theory behind violent price moves. But it does happen once in a while where a MM will briefly manipulate the price downwards to let a big buyer get in at a lwoer price.

For your information, PDI is about as big as an organization of psychologists can get. That's not very big. This contract to provide back office suport is not going to make DRIV tons of money, but it is a good illustration that DRIV is not just about electronic software delivery...it is about management of e-commerce.

DocStone