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Technology Stocks : SYNTEL (SYNT) - Upcoming Year 2000 IPO -- Ignore unavailable to you. Want to Upgrade?

To: JDN who wrote (2129)	11/5/1998 7:01:00 PM
From: Stephen	Read Replies (1) \| Respond to of 2761

JDN, I have been a shareholder of SYNT previously and don't really know what going on with the share price. It concerns me that the volume in the last few days has been extremely high for the stock, and all the buyers have been easily met by sellers, judging by the continued price drop. I guess given the forward projections, perhaps people don't want to pay a high P/E for a company that isn't projected to grow as fast as once expected. Whether these projections are correct or not is, of course, another matter. I'm sure it will come right with time ... but when the market is so bullish its frustrating to see a stock do zilch. Only a matter of time ..... Good luck all Stephen