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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?


To: icecreambug who wrote (2383)6/21/1999 11:43:00 AM
From: Zeev Hed  Respond to of 19428
 
Dongsoo, I think it will probably be a combination of "support" activity", some short covering, and of course normal buying balancing the first "onslaught" from the effects of the conversion. Of course, there is no way I can know the exact extent of that bounce, I erred on the timing of both the rally from $16 to well above $24 which I "forecasted in April, as well as the speed of the current decline (I thought the whole decline from $28 to $16 will take 3 months or so and here within two weeks we have already two third of that decline under the belt.

Zeev