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Technology Stocks : Infonautic's In2000: Low Cost Year 2000 Coversion -- Ignore unavailable to you. Want to Upgrade?


To: chris dawson who wrote (180)4/15/1999 7:34:00 AM
From: david thor  Read Replies (1) | Respond to of 206
 
Chris,
What a trading range yesterday! I picked up a tiny bit more at 7, but from what I can tell, yesterday was a daytrader's dream. Still, though, I can't help but wonder if some of those daytraders didn't get burned.
The abrupt drop towards the end of trading makes me wonder if the MM's weren't deliberately taking out some stop orders. My opinion of Infonautics hasn't changed in 24 hours. Any portal company could buy this company so easily and add value and hits to their portal that it's only a matter of time.
The shorts are going to have fun with this stock, which doesn't bother me; I'd rather be long than short with INFO because as volatile as this stock is, it's just as easily to get burned going short as long in the absence of news, but should any movement towards a merger or purchase become official, holding a short position would be very costly.

Take care,
Dave