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To: c-man who wrote (1380)4/2/1998 11:19:00 PM
From: Richard Rose  Read Replies (1) | Respond to of 1648
 
C-man

2.5 to 1.156 IS the spiral. At this point those that panicked (perhaps wisely) are out.

Unless some new positive or negative bombshell hit, the action from here may be a SLOOOW spiral, as disgruntled longs bail more orderly.



To: c-man who wrote (1380)4/3/1998 1:20:00 AM
From: c-man  Read Replies (1) | Respond to of 1648
 
David, I must not have been clear...I knew about the drop from over $2 to this price he day of the announcement, but that today the range is so tight...is what seems unusual to me.

Guess Marc's discussion is probably right...lot of people immediately flushed...now the downward spiral will slow down if it continues.

c-man


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