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


To: Patrice Gigahurtz who wrote (2712)10/8/1998 2:10:00 PM
From: Patrice Gigahurtz  Read Replies (1) | Respond to of 4613
 
Around Noon today someone (?) dumped over 200k shares at $18 ! Maybe that's the only way someone would buy the sell was at $18 ? Anyway, right after that trade a bunch of 50k and 100k shares buys appeared to come in an lift CBS away from that $18. Reminds me exactly what happened yesterday to AMAFM; Yesterday the latter tanked -6 point to $19 and the same thing happened people started buying and lifted AMFM above $19. You have to be on the phone at the time it happened to get a piece of those $18 and $19 quotes respectively. Anyway call me a fool or whatever but I am liking the way CBs bounced from that $18. I'm not saying it'll never see $18 again as gosh $15 3/4 wouldn't surprise me. For example, yesterday on NiteBizRpt the person they were interviewing (forget his name) suggested that maybe 40% of people had gotten out of stock funds already. That leaves 60 % and for sure some of those 60 % got out today. That leaves who ? How would you describe people who still held in light of what has happened ?

Thanks