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 : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?


To: Moose who wrote (4468)1/19/1999 10:46:00 AM
From: RocketMan  Read Replies (3) | Respond to of 29970
 
MMs took some investors to the cleaners this morning. Gapped ATHM and XCIT up big, got buys, then brought it down with the help of profit takers, shorters, and day traders. Until this deal is sorted out and the numbers examined, the stock price will only reflect these types of games. In the long run both stocks will be fine. Gotta admit, though, I bought a little bit of XCIT this morning after the MMs brought it down to low 90's, figure at a buyout price of 1.06 per share I can't lose.

When will investors learn never to put in market orders at open. It gives MMs a license to steal.



To: Moose who wrote (4468)1/19/1999 12:49:00 PM
From: E. Davies  Read Replies (2) | Respond to of 29970
 
This is a great arb opportunity. XCIT is trading over 10% below its merger price. Sold my trading shares of ATHM today and bought the same # of shares of XCIT.
Eric