Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: John J H Kim who wrote (11122)	3/23/1999 9:26:00 PM
From: SteveDavis	Read Replies (1) \| Respond to of 43080

SRNA: I just dont think it was HQ selling their shares as opposed to clients shares. Also, purchase was for 100% of allotment which is very bullish. With stock trading so close to issue price ($13) why buy more if they already own some shares? They must have a high level of confidence that the price will move meaningfully higher to invest $12,000,000. It will take some time for them to sell off the 900K so as not to disturb the market and drive price down. I am guardedly optimistic that good news will come out of this conference later this week. Good luck Steve Davis

To: John J H Kim who wrote (11122)	3/23/1999 9:43:00 PM
From: Dave Shares	Read Replies (1) \| Respond to of 43080

No watch list tonight. Out of SRNA earlier today, I do not know where the support is. Not every IPO flies, some go below the offering price and take some time to get back there. Hope it works out for you John and Steve. I have Level II and it could not be determined by me what the selling was, but lack of buyers for sure. Also, can you be sure that H&Q didn't get those 900k shares the first week of the IPO and have since put them into the market ? Doesn't matter now probably. Also, if CPQ warns (I'm not saying they will), the selling won't be over. I'm ready to move on to the next trade, and leave this one behind. David