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Technology Stocks : Interliant, Inc. (INIT) -- Ignore unavailable to you. Want to Upgrade?

To: Freelard who wrote (608)	8/4/1999 5:51:00 PM
From: AlienTech	Respond to of 1214

There was some huge merryl customer orders today, Actually merryl customers have been buying a lot above 20 as well. Now I wonder the kind of advice ml is givig their clients, I mean I definetely remember selling 5K @ 20 3/4 to merryl. And I havent seen merryl themselves sell a lot so those customers are still holding. They will go off the deep end with a price target lower than their buy price. Today was total panic in every stock I looked at. I think this sudden drop caught a lot of people, margin calls up the gazoo... Why else would you sell a stock at 50% off last weeks price? The volume was too high for it to be just from people who bought the original IPO. Although I did see some from the IPO holders, the majority were people selling for huge losses. Or traders dumping when the trend wasnt going with them. But Nite the biggest shorter around was covering like there is no tomorrow. I guess a 10-12 point gain is happy with them. NITE should rock, they might easily beat estimates with all the shorts I have seen them do the last month.