SI
SI
discoversearch

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 : Stock Swap -- Ignore unavailable to you. Want to Upgrade?


To: Henry Niman who wrote (15847)11/6/1998 4:34:00 PM
From: Andrew Vance  Read Replies (2) | Respond to of 17305
 
*AV*--I think Joe kernan did his best to prevent a ENMD jr. type situation from happening again but the herd performed as expected.

Before hours trading drove this stock to close to 30 and some pre market sales start at about 27 and finally settled down to 21 by the open. Still, the herd was there, ahuffling 41M shares of a stock that had about 4 million in the float (I do not have the precise numbers and is a guess). Stock normally trades 100K so, this was 410X average daily volume. You could not stop the herd from tripping over themsleves so a nice set of shorts worked well.

But what makes me extremely proud is the call on MIPS today. The newsletter clearly singled out MIPS for a re-entry today and the one I was most concentrated on. Sure enough, it delivered with a 10%er today. MIPS got down as low as 20.625 and then started coming back. Entries at 20.75 and 20.875 and 21 paid off.

"I love it when a plan comes together" (George Peppard, A-Team)

Andrew