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

To: Ken Merwin who wrote (924)	2/27/1998 11:05:00 AM
From: kimberley	Respond to of 2761

just be careful trying to trade it right now... some notorious mm's have the ball right now<g>

To: Ken Merwin who wrote (924)	2/27/1998 11:35:00 AM
From: P. Ramamoorthy	Read Replies (1) \| Respond to of 2761

Momentum players take the price higher. At the peak price of $32, short sellers get in the action and bring the price down. May be short sellers are covering it now. Have MM's accumulated enough for the next round of sales? May be. Have the mutual funds bought enough and dumped enough to show profits on paper? May be. With a limited float available for trade and at a daily trading rate of about 500,000 shares last week or so, how many times the shares changed hands? Does it make sense? No. Does the price justify the market cap? No. Irrational? Yes. Why this volatility? y2k panic time is approaching. Ram