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Technology Stocks : Entrust Technologies Inc (ENTU) -- Ignore unavailable to you. Want to Upgrade?


To: Mark T. Heath who wrote (89)2/7/1999 8:05:00 PM
From: giantswin  Read Replies (1) | Respond to of 1205
 
I have heard that this lock up issue is not as bad as some are portraying. Although there are substantially more shares out there my understanding was that Nortel owns roughly 51% of the company and has no plans to dump the stock at all.

I am going to be watching closely. Late friday might be a good time to pick some of this up on the real cheap side. On the recent good news, I can't imagine this baby staying in the 20 range for long. Their market cap is less than 1/2 of verisigns right now. That is kind of nuts.



To: Mark T. Heath who wrote (89)2/7/1999 8:10:00 PM
From: DKR  Respond to of 1205
 
If you look at the chart for verisign you might find some encouragement. The entrust chart is an exact duplication (almost, just six months older). The VRSN ran to the mid forties then low twenties after the six month window followed by a burst to over 90. I think this is a an opportunity to snap up shares that nervous employees can't stomach to hold...This is a buying opportunity, plain and simple. And by the way EBAY jumped nearly 80 points in the two or three trading days after its lockup. Don't assume that these lockups will tank the stock at expiration, and even if they do it could be "weak hands" unloading indiscriminately. I guess we will see but I liked it at 30 and love it in the low twenties.