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Technology Stocks : STAR Telecommunications (STRX) -- Ignore unavailable to you. Want to Upgrade?

To: amoezzi who wrote (714)11/5/1999 11:10:00 AM
From: Return to Sender  Read Replies (1) | Respond to of 780
 
People buy on rumors. The rumor here is a potential buyout. Hypothetically, lets say the rumor is true, very few companies announce anything on a Friday. I guess what I am saying is that the stock was overbought, perhaps, based on a rumor. Today it sold off because there was nothing announced. Fact is that this particular rumor may have some merit...

That's just my opinion because 90% of the time you hear or read these things it's simply garbage. Even if the rumor ends up being true the stock could fall back to around 5 again if it takes a while to materialize. Once again, that is just my opinion.

Please do your own due diligence.

Sender



To: amoezzi who wrote (714)11/5/1999 11:27:00 AM
From: Rappin1  Respond to of 780
 
Some suggested that it might sell off a today now that earnings have been announced. Some took profits today, can't blame them, but I would expect more buying if these buyout rumors continue, IMO. Good Luck!


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