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Technology Stocks : SPLH is jumping -- Ignore unavailable to you. Want to Upgrade?


To: r q lad who wrote (34)12/4/1998 4:22:00 PM
From: ftmp  Respond to of 87
 
the reason is people selling and buying



To: r q lad who wrote (34)12/4/1998 4:59:00 PM
From: John Goode  Read Replies (1) | Respond to of 87
 
Obviously someone with a large number of shares is dumping the stock. I've watched closely for the last few days, and most of the volume has been on large blocks.

So, someone is probably cleaning the house for tax purposes. This should be treated as a good buying opportunity. The company has a solid 5 book value, and good cash flow. Anything below 9 or 10 on this stock is an absolute steal. I've personally be accumulating during the dips. I'm actually hoping for a finally blow-off downside day into the low 6's or upper 5's, at which time I plan on buying big (already have large limit orders waiting).