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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: DOC who wrote (9821)11/13/1998 11:57:00 AM
From: musicguy  Respond to of 25711
 
ITEX is over... I was in at 2, out too soon because of the mistaken PR... ITeX is a private co that was confused with ITEX... people became aware of the mistake, and are now going to sell off... were YOU one of the ones who got sucked in by the mistake, and now trying to sell off?

MG



To: DOC who wrote (9821)11/13/1998 12:45:00 PM
From: musicguy  Read Replies (2) | Respond to of 25711
 
Just a note to ALL- ITEX sinking..... this is why:

Yesterday thousands of people (maybe Doc included) bought ITEX based on this news
"Nov 12, 1998 (Tech Web - CMP via COMTEX) -- Intel has taken an equity investment in a spin-off of Taiwan's United Microelectronics called Integrated Telecom Express (ITeX), a company that is developing and shipping a line chips for the booming DSL market. "

There is just one problem - that is not ITEX....

Doc speaks of rumored news (as usual) but this news item is responsible. Looks like everyone who bought yesterday is selling today.

ITEX is a good play, but not just yet.... don't buy Doc's shares...

MG