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


To: Feraldo who wrote (535)12/26/1997 10:33:00 AM
From: wlheatmoon  Read Replies (2) | Respond to of 2761
 
Hello all. Hope everyone is enjoying the holidays. Am new to this thread. Been lurking the last few days. Kept thinking there would be more time for me to evaluate this stock, but it keeps running up. Guess the members of this thread must be smiling. Seems to have tanked a bit prior to this nice run back up.

Finally bit the bullet and jumped in today even though it keeps rising. Broke 14 and then retreated a bit this morning. Didn't come back much.

Sorry if I'm rehasing old info, but are there institutional holders for this stock? If not, maybe the recent steady buys are due to:

1. Y2K hysteria (that's okay with me)

2. institutional buyers getting into Y2K stocks (much more defensive and better than the techs for next year).

Whatever it is, I'm in and will hope to be able to contribute to this thread.

Good day to all.

MChen