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

To: DD™ who wrote (460)12/16/1997 7:35:00 PM
From: Jeffrey E. Klein  Respond to of 2761
 
Syntel finished up 3/8 to close at 9 3/8 on 64,400 share volume.



To: DD™ who wrote (460)12/18/1997 7:57:00 AM
From: Rob L.  Read Replies (1) | Respond to of 2761
 
I suspect that much of what is happening to SYNT is related to tax-loss selling. It did not start off that way, but anyone who bought this stock in the last month or now has a loss. When you get a flood of sellers and no buyers, this is what happens. I am not making any selling decisions based on December movements without news. i think this stock, barring any negative news, will rebound sharply in january/February.


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