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

To: 45bday who wrote (2143)11/12/1998 8:50:00 AM
From: R. Bond  Read Replies (1) | Respond to of 2761
 
Hi solution,

I'm suggesting that there are very few buyers out there other than professional traders. If so, they use their capital resources to move a stock. This may be done by sending in numerous sales at the bid. As other market makers lower their bids, the seller continues selling at the bid. Hence, the price falls. Or vice versa.

This is why some on the thread have mentioned that management should take a more active role in talking to analysts/making investors aware of the company and it's fundamentals. If the public were interested in buying it would be a different story.

Cheers,
Bond



To: 45bday who wrote (2143)11/12/1998 9:52:00 AM
From: JDN  Read Replies (1) | Respond to of 2761
 
Dear Solution: I havent checked on the short interest in this stock but I would doubt it would be high--why?--because the founders own something like 86% of the outstanding stock and they appear to be not selling any. Thus the float is very small and this would be an extremely dangerous stock to short IMHO. JDN


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