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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Hector who wrote (20636)	3/8/1998 10:48:00 AM
From: Ken M	Read Replies (1) \| Respond to of 97611

>>Some money managers are benefiting from the tech stock decline by selling the shares short. In a short sale, an investor sells stock he doesn't own at the market price in anticipation of a drop in price. The investor then borrows the shares and buys them after they drop, profiting on the decline.<< Message 3639042 Many money managers are in a very bad situation after shorting tech stocks on Wednesday and Thursday in anticipation of the tech wreck that did not happen on Friday. Expect more propaganda to drive the market down which will not happen.