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Technology Stocks : Healthcare.com Corporation (Nasdaq: HCDC)was [HDIE] -- Ignore unavailable to you. Want to Upgrade?


To: Andja Miskin who wrote (2597)8/12/1998 4:41:00 PM
From: Emec  Read Replies (4) | Respond to of 15094
 
Andja,
There is nothing wrong I assure you. There are many reason for a block sale. There was a 250,000 block sale on RENT a few weeks ago 1 minute after close that took the stock down over 1/2. The bid and ask was something like 5 x 5 1/8 and someone dumped a block at 4 1/2. They just wanted out. RENT now back to 5 1/4on it;s way to 10. People fplace much too much emphasis on what institutions do (this was obviously an institutions). I can tell you whatmy many friends on Wall Street tell me. people make the mistake of thinking institutions know something. The truth is they often have less clues about what they are doing than individual invesotrs. Many possibilities. Perhaps an institution decided to raise their cash percentage in their portfolio becasue of a nervous market? Who knows. Do not jump to conclusions from large sells. Many RENT shareholders did this and sold at 4 1/2 after that large sale. The people who know RENT bought at 4 1/2 (as did I) as the people who Know HDIE will do at these prices