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Technology Stocks : CONVERGYS CORPORATION (NYSE: CVG) -- Ignore unavailable to you. Want to Upgrade?


To: LT who wrote (66)3/16/1999 12:19:00 PM
From: ALTERN8  Read Replies (1) | Respond to of 135
 
Sell off has stopped. CVG bouncing off its support levels now and I saw 100,000 block at buy 14 7/8 and two 20,000 blocks at buy price of 15 1/8 go by this morning. Looks like yesterdays drop was by the big boys trying to pickup some more at the very bottom. I expect a nice steady climb back over 20 within the next month or two.



To: LT who wrote (66)3/16/1999 12:59:00 PM
From: IngotWeTrust  Respond to of 135
 
I hear your reasoning, but...c'mon, LT...let's be fair, shall we? This "got shares and decided to sell'em" horsepuckey is just that...those shares came in the mail months and months and months ago!!!

Those keep or sell decisions have already been made. What we've seen is institutional block trades buggin' out of the stock which tells me we've got a potential "earnings warning" or some hickey that we plebes haven't been told yet...

when that happens, I dont' even want to own my shares except my cost base is so purdy...

As far as their rosey future is concerned...
Europe and the other foreign penetration markets have to be Y2K or else this is all gonna crash around their ears...ditto satellites, ditto phone service, ditto luxury of cable vs beans and rice necessities...

This is a trader, that we can agree on...and it takes balls to play it from the short side...but time is getting to be more of a crap shoot with these hi-tech co's and their Y2K non-compliance.

Why don't you write them like I have and ask'em point blank if even CVG's internally s/w is compliant...bet you get the same "we're working on it especially in our mission critical systems" crapola message...I got. No matter how many times I ask, that is what I get from CSN CVG Purrrrrdy soon, it'll be dec 24th and that answer won't cut it anymore for you either...

Now multiply homegrown CVG & CSN's non-compliance in the billing department times the overseas market of NON compliance by a factor of...oh, let's be generous 200%? shall we? and you will get the pix.

Nope, CSN and CVG is NOT one to ride through the millenium w/...not my hard earned money anyhoo!

G/L, buddy

O/49r