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

To: RBB who wrote (913)	2/26/1998 9:43:00 AM
From: Phil Jacobson	Respond to of 2761

With all due respect, if the price ballooned for no good reason it will tend to tank for no good reason. The game is easy. You need discipline and avoid greed. If you latch onto these things it's best to get out before everyone else does. It's not a bad thing to get in just after the binge starts, then get out after a 30% gain.

To: RBB who wrote (913)	2/26/1998 3:47:00 PM
From: Adelantado	Read Replies (2) \| Respond to of 2761

You analysis may be right, but it is probably wrong. As I see it, the price tanked last year to 8 in mid Dec., then rose steadily to 32...making a 400% rise in only 2 months. I suspect that the rapid price rise is due to MM as indicated by the very large vol at the time of the last reversal. I suggest that the price drop will continue until all the unsure holders who came in because of the rapid rise finally give up the game, get into their life-boats and sell for what-ever others are willing to pay. I think I'll watch this baby go back to 11 with low vol. which will indicate to me that the fuel (fear and greed) feeding the fire is finally exausted thereby permiting us to use fundamental analysis again.. Joe.