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 : FORE Inc. -- Ignore unavailable to you. Want to Upgrade?


To: DiB who wrote (11141)3/22/1999 7:31:00 PM
From: OrionX  Read Replies (2) | Respond to of 12559
 
Whaaat?? Stocks don't become internet overnight.

I didn't say it is an internet stock! Just that the buying activity somewhat reminded me of the way internet stocks move during the trading day.

What I said or meant to say, is that there are many many small volumes of shares being traded with an average of <1k shares per trade for the day. The stock is definitely not that expensive that somebody who really believed in the buyout scenario, would only be buying 100 or 200 shares! It's just that many very small buying trades have been going at market explaining in part why the stock still keeps rising while many shares are being sold off. The mass hysteria is what has been driving up internet stocks regardless of whether the stock in question was really worth the price. I'm not saying Fore isn't worth today's price but Fore has been historically valued based on it earnings and spending sprees which is why the stock was at $13 last week.

Enough said. Time will determine where this stock will be in the coming days and weeks.