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Technology Stocks : Open Market (OMKT) -- Ignore unavailable to you. Want to Upgrade?

To: Sonny who wrote (1078)2/4/1999 5:37:00 PM
From: Rob  Read Replies (1) | Respond to of 2004
 
OMKT has support at 12, but we'll be heading Up tomorrow. The overall market sold off hugely today (7th largest loss on the Nasdaq?) and OMKT hung onto most of its gains from the Lycos move. This stock is leaning North. I'm expecting a big push tomorrow that's concurrent with a snap-back in the general market and indicative of raised expectations for OMKT going forward in '99.

The general market's selloff today was concentrated in the futures, not the cash, which means a small group of decision makers leaving the market in a hurry, not a general, contagious selloff. BTW, no sellers of OMKT on Instinet as I write this. They'd be there in droves if these earnings were received badly. Watch for a bid up in pre-market tomorrow morning. JMHO. Good luck. Rob



To: Sonny who wrote (1078)2/4/1999 10:21:00 PM
From: Dinesh  Read Replies (2) | Respond to of 2004
 
Oh, Sonny. The eternal short/bear outlook ?

When did the Street become so stupid to have
the "tendency" - i.e. a bias - to accept the
lower number. And, not in general but "esp. for OMKT" ?

Or, is this just a scare tactic ? Are you short this number ?

Regards
Dinesh


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