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


To: Craig Rogers who wrote (608)12/29/1997 5:04:00 PM
From: Mike Winn  Read Replies (2) | Respond to of 2761
 
From the intraday chart, it looks like the last minute drop from 14 1/4 to 13 1/2 was due to a few very small sell blocks of less than 1000 shares. Prior to that, there were several buy blocks of 3K-5K shares.

Sorry, I forgot to mention that I lost some money on UCMP. This is a stock that I cannot predict its movement. I bought it when the HP news came out and the stock dropped! So I dumped the stock. I think the number of shares is too small, so it's succeptible (sp?) to manipulation.

I think the Street is now favoring outsourcing companies rather than tools companies. Personally, I don't think there is any tool that can replace the human beings, plus the remediated code needs to be tested which is a major source of labor, so that favors companies such as SYNT, IMRS, CBSL, MAST.