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Technology Stocks : Creative Labs (CREAF) -- Ignore unavailable to you. Want to Upgrade?


To: VINTHO who wrote (13202)12/28/1998 8:58:00 PM
From: Savoirman  Read Replies (1) | Respond to of 13925
 
What's happening? PROFIT TAKING, that's what ...

I remember someone posting about ML's fund manager dumping 8m shares to some kid in another ML subsidiary at $8 a pice (and then gloating about it). Well, that kid watched his $8 investment double and guess what, like anybody with any brains these days, he cashed it in to make that senior fund manager look idiotic. Just my theory, can't see any real reason for the 30% drop on higher-than-average volume.