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Technology Stocks : Harmonic Lightwaves (HLIT) -- Ignore unavailable to you. Want to Upgrade?


To: SteveG who wrote (2701)4/20/1999 5:37:00 PM
From: Hiram Walker  Respond to of 4134
 
SteveG, I got a different take, I was scared to death about the secondary,after the collapse of the tech market yesterday. HLIT stock follows ATHM stock, almost in lock step,chart them sometime. ATHM stock collapsed the last 4 trading days. I thought they might not even be able to get the secondary out.
It was more a condition of the market,then poor demand. I saw some strong demand in the afternoon,and was quite impressed. Yes,they were very aggressive,but Soundview is that way in everything.
From the standpoint of placing the stock, yes,I was a little shocked that it wasn't done better. But all in all considering, I am really happy,and glad I did not have to sell any shares.
Tim



To: SteveG who wrote (2701)4/21/1999 10:15:00 AM
From: Hiram Walker  Respond to of 4134
 
SteveG, you know we have been following ATHM all the way up, in lock step in percentage terms. Well look at this chart,the secondary may have had no effect on the stock's movement. I think we would have corrected no matter what happened.

techstocks.com

It was almost a foregone conclusion for a correction.

Tim