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Technology Stocks : Ericsson overlook? -- Ignore unavailable to you. Want to Upgrade?


To: Raptech who wrote (3879)1/29/2000 1:25:00 PM
From: Manly  Respond to of 5390
 
ERICY will rise with the flurry of people trying to buy some shares just so they can get the 4 for 1 split. It's human nature - I'll buy 500, then I'd own 2,000, etc. Doesn't matter that the math is the same, splits today are seen as extremely bullish statements by the company.

I was short until this news was released then turned around and became a long. Plan on buying up to 3k on any hopefully pullbacks. I don't know if we'll see any though. The mo mo players will start to run this stock, then the shorts will be forced to cover - you know the game!

All I know is that ERICY will not be a $17 stock if it were to split today! Most likely split between $110-125. We all know how these stocks can rise so quickly!
cnbc.com
Glenn