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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?


To: Tim Luke who wrote (1917)9/20/1998 9:53:00 PM
From: AugustWest  Read Replies (1) | Respond to of 7247
 
Tim, do you have to hold until close on Friday? Or can it be sold any time during the day? Thanks.



To: Tim Luke who wrote (1917)9/20/1998 9:53:00 PM
From: Junkyardawg  Respond to of 7247
 
Tim
I know nothing about psql.
I simply picked it because it was
a free contest and had a large drop in
price.
But I did look at the insiders trades and
since 5/8/98 there have been 1,546,161 shares
sold.
I don't know how many are in the float or anything.

I don't think I will trade this one with real money
just yet. I will do more DD and see what comes up.
If you are interested in this stock I would appreciate
what you find out also.

Best of luck
Lamar



To: Tim Luke who wrote (1917)9/20/1998 10:48:00 PM
From: HandsOn  Respond to of 7247
 
There was an erroneous report out on ZNET stating rumors that they would not meet earnings estimate. In late afternoon Fri. releases came out on Bloomberg and DLJ reporting that panic selling was due to false report on ZNET. Company stated they would meet estimate and Joe Kernan mentioned about later report from PSQL on the edge Fri. night on CNBC. Joe also said to watch PSQL to see if there is a pop on Monday. MM's were shorting this on Friday along with short traders.