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

To: Jeffrey S. Mitchell who wrote (13608)	5/5/1998 12:41:00 AM
From: Andrew Vance	Read Replies (1) \| Respond to of 17305

AV--We have 23 million shares in volume which translates to 11.5 million shares changing hands. the entire outstanding shares is only 12.5 million shares, many of ehich are probably restricted from sale. By my guess you have the 3.2 million in the float, the 3 million shares of Bristol Meyers, DH Blair, and the "Pledge" combined and maybe 10% pf the remaining insider shares, at most available. While this is just a SWAG, I do not see more than 7 million tradeable shares for this entire situation. Therefore, we have turned the available float possibly 2 times today. With that said, I think this has become bigger than DH Blair and has herd mentality written all over it. Granted, DH Blair could probably wreak havoc with its block of stock and might even have a few tricks up its sleeve but there are still other factors that will play a part in this game. DH Blair will have its fun with the stock tomorrow, IMO, but the other forces are to be reckoned with. Any original IPO investor that is still invested at this moment has guts of steel and are probably not too swift. I would have dumped at the open with a septuple for 16 months of work any day. The news releases this afternoon are going to have quite a few second guessers trying to bail out at the open (market orders) to make sure they do not get caught in a massive selloff based on the comments made late today. these second guessers will cause the volatility and maybe DH Blair can stem part of the tide but not all of it. It is a wait and see game that will play out tomorrow. All we have to do is go to sleep, wake up on time(this includes you Jeff), and watch the soap opera unfold before our eyes. Nothing like trying to predict the future. I say drop and you think it will hold during the open. any takers for a pop up at the open???<GGG> funny thing is that one of these scenarios will unfold and money will be made in this stock tomorrow. I wish all of us the best of luck in whatever actions we might take in the morning. Andrew