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To: Magnatizer who wrote (320)3/6/2001 11:07:03 PM
From: JoeinIowa  Read Replies (1) | Respond to of 1298
 
Mags,

Just made an interesting observation on multiple different tech stocks I follow. Most in the last two days have moved up to either just at the 13 dma or just below it. I'm wondering if this is of some significance?

Joe



To: Magnatizer who wrote (320)3/7/2001 7:10:17 PM
From: JoeinIowa  Read Replies (2) | Respond to of 1298
 
Mags,

It looks like COMS has broken down on the tech side. I'm still holding July 7.5s so the question is how far will this drop? They have $7/share in cash or about $2.5B. They plan to lose 200-300M in the next quarter but hope to turn it around by the end of the year. Maybe one of the other tech giants will come buy them out. They are practically free at this price.

Joe


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