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


To: bob oserin who wrote (647)1/4/1998 12:58:00 AM
From: TokyoMex  Read Replies (2) | Respond to of 2761
 
Bob,
Remember the Barrons moved this up to todays closing,,
Isnt it odd when ever Barrons mentions a stock , it pops for a week or so and slowly dies ?
Happend to many of the stocks of late, including many solid tech stocks.. as Barrons players get tired and holders at 14 and higher gets worried...
SYNT needs a big huge contract or it will suffer same fate as ACLY doldrum of past 12 mos....
I guess all y2ks go through the initiation phase..
ACLY has 75% institution holdings and PTUS quite high as well....
We will see with SYNT,, I have longed and shorted and enjoyed it..
Here it could go both ways a major pop or major drop..
I tend to think a major drop first,, since this is in new territory, like PTUS went through after IPO or the ATHM...
Very similar,,,
Joe