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

To: Tim Luke who wrote (2605)	9/30/1998 6:02:00 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 7247

What do you think caused the big drop in the DOW today? Was it the Mutual Fund last gasp end of tax year selling?

To: Tim Luke who wrote (2605)	9/30/1998 11:00:00 PM
From: Pruguy	Read Replies (1) \| Respond to of 7247

I'm not so sure it is moving due to takover rumors....this company has been slaughtered over the last 18 months. they have a good balance sheet, a smart new product cycle that is arguably the best products out there......they are betting on value and volume by undercutting the competition by as much as 90% for products which are 10 times faster....beat the street last week and had an upgrade from robertson stephen at mid day yesterday. Rarely mentioned as a takeover target in the serious columns.. I think just moving on short covering and improving fundamentals.