SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : CSGI ...READY FOR TAKE-OFF! -- Ignore unavailable to you. Want to Upgrade?


To: John J H Kim who wrote (3070)6/11/1998 10:17:00 AM
From: TEDennis  Read Replies (2) | Respond to of 3391
 
John: Re: why did they sell?

Good comment. Scary, but good.

I doubt that some innocent investor sold large chunks at market price. Possible, but unlikely. Assuming that is true, then somebody was willing to take over 25% loss (reduction from the prior price) to unload the shares.

This means:
(1) they know something that will cause the stock to plummet even farther, or
(2) they had some other deal they wanted to get into at any cost.

Let's hope for scenario number 2.

Scenario number 1 scares me, though.

TED