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Strategies & Market Trends : Angels of Alchemy -- Ignore unavailable to you. Want to Upgrade?

To: HandsOn who wrote (102)5/22/2000 1:13:00 PM
From: flyboy  Respond to of 24256
 
My only buy today is SOFN...trading below the book value and $0.71 over cash. The float is 20M which is 70%+ of the total shares outstanding. Given the close relation ship to the cash value and stockprice it could be a takeover play...52 week high was 50 low is now....



To: HandsOn who wrote (102)5/22/2000 2:06:00 PM
From: SirRealist  Read Replies (1) | Respond to of 24256
 
WNET at 5 was even better, though I've refrained from all buys till the market determines a bottom. Institutions should pour in by Wednesday and that could spur things up or down further.

Still looking for a decent rally to sell into, but I guess so's everyone else & the horses they rode in on <GG>


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