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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD) -- Ignore unavailable to you. Want to Upgrade?


To: Brasco One who wrote (1755)8/23/2000 5:54:10 PM
From: GraceZ  Read Replies (2) | Respond to of 1884
 
Blocks have been net out for months (Institutions are dumping) but the small lots have been strong in (short covering, small players, who knows), which means that marginal shares are being soaked up and there is no price movement. MMs aren't involved because the market is liquid. The stock is putting in a double bottom. Upside resolution can be very swift in a situation like this, barring that there is no undisclosed bad news.



To: Brasco One who wrote (1755)8/23/2000 7:23:50 PM
From: Jane4IceCream  Respond to of 1884
 
Its quite obvious to me watching the action that ISLD is controlled by shorters at the moment like many other techs that have been beaten down. I do believe if the Nasdaq can hold 4000 that ISLD will be one of the participants of rising share prices and maybe pretty fast since not only are their many shorters still attached but also that ISLD remains on the screens of many a trader and has quite a "cult" following. I am still long quite a few shares and now my average is lower near 28 entry point.

Looks like the stocks that move content as a group are trying to make a move and consider ISLD a "laggard."

Jane (my opinion)

PS....COVD making noise again. Love to play the volatility on that stock.



To: Brasco One who wrote (1755)8/23/2000 9:32:31 PM
From: Michael Olds  Read Replies (1) | Respond to of 1884
 
Report from the paranoid front:

Today there was no "signaling" action as had been regularly occuring until I mentioned it here (haha The Power!).

mo

This had been going on for months now off and on, but never quite so obviously as the past few days. I mean the trade stuck out visible for a mile.

mo