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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: louis deptula jr who wrote (33917)4/14/1999 6:58:00 PM
From: Arvinder Malhotra  Respond to of 120523
 
Louman, I don't think SVRN can flare up like FLBK did. Look at the size of the outstanding shares. FLBK has just few million shares whereas SVRN has about 150 million shares. There are plenty of shares in the market for everyone and their is no scarcity.

I got in yesterday at 17 1/8 and got out today at 24 and 22 early in the morning. I think I was just lucky. Had I waited, I would have been deep under water.

Regards
Arvinder



To: louis deptula jr who wrote (33917)4/14/1999 9:11:00 PM
From: Northern Cougar  Read Replies (1) | Respond to of 120523
 
Louis a surge in anything is hard to predict at this time. Like they say when the tide goes out all the ships go down.. I'm still holding SVRN because I think its a better bet and more significant than ATLB that I sold today and lost 3pts, or FLBK which I never had and was a pure momentum sympathy play yesterday on sketchy news that coincided with NTBK meteoric climb that day. Read the following and you'll see that a couple of analysts have changed their advice on SVRN, one of which Goldman Sachs put out two messages one a reititerated buy in the morning as reported by Maria on CNBC before the open , and then changed his rating to outperform (less than buy) in the afternoon. Around the same time another analyst downgraded SVRN to hold. I didn't see those afternoon ratings when they came out but obviously that's when the stock broke down under 16 1/2.
fnews.yahoo.com
I'll see what the morning brings after the dust settles.
Good luck N.C.