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To: Chip Anderson who wrote (4105)6/17/1998 3:53:00 PM
From: Eric Anderson  Respond to of 16960
 
I think that possibly the small investor is getting suckered in to buying right now because the bombshell is still coming a stock doesn't drop 4 points for no reason. Some institution has been dumping shares probably between 1 to 1.5 million of them and why? I wish that I knew because I am in at 23.



To: Chip Anderson who wrote (4105)6/17/1998 3:56:00 PM
From: Michael Ohlendorf  Respond to of 16960
 
Wow ! I am stunned, speechless and breathless all together ! What an incredible sudden action to the downside all of the blue !! Thinking about initiating a huge straddle position with a long and short leg. With all this volatility one must make money. Some big fund must be dumping big time. How would have thought this after it seemed that the board regained confidence with the earnings out in only four weeks. 21 seemed to be a good support to the downside and now this ! Another possibility would be some more insider lock up dumps on us sheep ! Many people that bought during the last days must fell pretty bad right now.