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Technology Stocks : Omega Research (NASDAQ:OMGA) -- Ignore unavailable to you. Want to Upgrade?


To: Anthony@Pacific who wrote (252)2/26/1999 6:31:00 PM
From: Never Hibernate  Read Replies (1) | Respond to of 516
 
Like Anthony is saying - there was criminal activity - I am not sure if it was any of OMGA's doing, but there was criminal activity nonetheless. That pop that you longs got to 13 was caused by an illegal rumor posted on YHOO thread about a buyout on Monday from IBM - IBM and OMGA have already been informed of this and they will have to dispel those rumors now per NASD/SEC regulations -I am not sure if IBM has to say anything - but OMGA sure has to say something. Also, there was criminal activity on the part of some of the market makers IMO, but that is hard to prove - it seemed as though RAJA and LEHM were supporting the hell out of OMGA's price for their own purposes. This stock will be under 9 by Monday - maybe even lower - within 45 days OMGA should be back to 5 - a reasonable premium from the $3 it was before the frenzy caused by the new product - maybe it will happen quicker than that.

The selloff in the last 10 minutes is indicative of what is going to happen on Monday...

-NH