Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO -- Ignore unavailable to you. Want to Upgrade?

To: Nanda who wrote (428)	12/11/1997 7:56:00 AM
From: Rob L.	Read Replies (1) \| Respond to of 2761

The downtrend on this stock resumed yesterday. It closed at the low of the day. Volume remains low, though. I am still waiting for clear confirmation that the stock has bottomed. I may not get it at the bottom, but I will be at much less risk. it looks like 10 is likely to be broken for no other reason than momentum seems to be building on the down side. Keep in mind that when the stock does rebound, it will be fast and sharp probably pushing it back to the 12 range (assuming we don't go too much lower than this). The problems with the Y2K stocks, is that although they are signing contracts, the dollar value and earnings potential of the contracts seems elusive. When/If the earnings really start to materialize, you will see a rebound in the sector. Looking for the March-May period of 1998 to be make or break for Y2k sector.