Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : VIAB (Viacom Class B shares) formerly CBS -- Ignore unavailable to you. Want to Upgrade?

To: John M Connolly who wrote (2646)	9/29/1998 6:02:00 PM
From: Patrice Gigahurtz	Read Replies (1) \| Respond to of 4613

Hey guys, go to Bloomberg and read their update #4 regarding todays' CBS stock action. In that report is something I don't fully understood . It's a statement attributed to management. I might be misreading it. Also, recall 9-11-98 ? That day CBS hit $23 7/16th, closed at $24 1/2 and 5 days later it closed at $28 5/8th. However, the volume that $24 1/2 closing day was 3.2mill (I think) and todays' was out-of-this world ! I hoping that the end of the qtr window dressing could be one factor and thus perhaps it was an overreaction ? Still the volume was hugh and one positive (I guess ?) is some nice size trades in last 1/2 hour (I think ?) which got 'her' off her lows. Anyone have any idea when CBS might report 3rd qtr numbers ? Looks like a lot of investors will be watching those numbers ! Any comments regarding that above noted Bloomberg report would be welcomed as I come away from first reading with a negative feeling. Am I misreading something ? Thanks