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Technology Stocks : Loral Space & Communications -- Ignore unavailable to you. Want to Upgrade?

To: coolcalm8 who wrote (6927)	10/29/1999 1:23:00 AM
From: literaryfx	Respond to of 10852

coolcalm8, I don't know about LMT, but I presume most of the big asks were institutional. Today Thomson I-Watch shows institutional buying until 12:40 where at $14.25 institutional selling started, and continued all afternoon until one buy message after 3:30 pm. So far this week Loral has declined every day - about 14%. Needless to say, the herd mentality is alive and well. However, sometimes they rest on the fifth day. Within the next month or two the same fund managers will be bidding up Loral because of some surprise news announcement, or, and this is truly enjoyable, because Loral is extremely undervalued. As an added variable, some shorts, with such a great week behind them, might close their positions prior to the weekend. Ken