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Technology Stocks : INFORMATION ANALYSIS (IAIC) - YEAR 2000 Date Remediation -- Ignore unavailable to you. Want to Upgrade?


To: _scott who wrote (1537)4/28/1998 9:06:00 AM
From: cage  Read Replies (1) | Respond to of 2011
 
Scott,
I would have to say that at least one reason IAIC took a heavier hit than the average stock could be that in a major down draft as the market had yesterday, there were possibly some margin calls and since IAIC is a pure cash play it frees up a lot more money than a marginable stock.
Another possible reason is the possible continuing selling of the Kennedy shares(it would be nice if it is finished now).
It is speculation on my part about both of the above reasons having had a hand in the fall, but I think them reasonable.
There may very well be other reasons, but those are the two that pop up in my head at first thought.
If anyone has more thoughts concerning the issue please pass them a long.
I would think that the rebound will happen fairly quickly, if the market comes back to life.
As an aside-but an important one IMHO-
If we had good news it would have made no sense to release it yesterday-as was seen -a number of companies did release good news and it didn't boost their stock prices because of the crumble.