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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?


To: amadeus who wrote (49239)12/21/1999 8:06:00 PM
From: KevinMark  Respond to of 108040
 
Yes it does. There are exceptions to the rule >>>>buy on the commentary, and short when the commentary is over<<< . And I believe that exception landed right in the shorts'laps with GEEK. Many bought for a couple of points. Short sellers were their to oblige the buyers wanting "only" a couple of points, then all hell broke loose. The volume was so heavy at one point before the bell, I literally couldn't see the trades go by. More than any IPO I have ever witnessed on L2. The company really dropped the ball on this one. They could have at least mentioned, "We as a company do not have definitive plans for free ISP service at this time, but we aren't ruling it out, in the future." The head of PR probably received a pink slip after that comment.