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Technology Stocks : Healtheon Corporation (HLTH) -- Ignore unavailable to you. Want to Upgrade?


To: make.it.co who wrote (246)8/5/1999 5:10:00 PM
From: ISP_Investor  Read Replies (1) | Respond to of 861
 
HLTH has been a great short and hasn't shown any support yet. On Wed of next week, the stock should see some significant activity as the IPO shares are unlocked Tuesday night. I think a lot of shorts will cover into Wed with the add'l volume, but I don't think you'll see any large runs on Fri, Mon, or Tues as institutions may not step in two days before the float doubles. A great chance to put in stops or short against the box if you are long. In addition, a portion of the Web MD shares will be tradeable in Sept. with the largest portion being locked up for a while. I personally don't think the market will support twice as many shares next week so I'm not surprised that the stock hasn't shown any support at any level in the last two months.- isp