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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC -- Ignore unavailable to you. Want to Upgrade?


To: DanielleC who wrote (384)4/23/1999 4:17:00 PM
From: Anaxagoras  Read Replies (1) | Respond to of 1150
 
<<...so today was a VERY pleasant surprise>>

Then you have many more to look forward to, grasshooper.
;-)

Anaxagoras



To: DanielleC who wrote (384)4/23/1999 11:09:00 PM
From: Kurt_Ruckus  Respond to of 1150
 
Good luck to the longs. I'm going on vacation this week, and although most of my calls for the day were right, the sell off at the end of the day, went counter to what I was expecting, so I took my small gain and will check back in a week. I hope things go well for you all.
Later.
Kurt



To: DanielleC who wrote (384)4/23/1999 11:52:00 PM
From: AD  Respond to of 1150
 
"""Still looking for $25-$30 by next week! """ , with a 23 million share float, good luck. Not exactly a momentum trader's dream.

There is a huge float and the oversupply of stock to sell was evident Friday, as it swamped any late short covering. Friday afternoon is a well known time to cover ... so either most shorts were emboldened enough to hold, or the supply of stock to sell is huge. You make the call.

If management wants to act like an internet company, they better do something about shrinking the float , not enlarging it. It gets a little heavy over 3 or 4 million shares.

If there is a gap up Monday, by restless new investors buying the hype, rest assured the supply of shares selling into it will keep the price in check. People who got in at 17 to 20 could lose patience when they realize they size of the float they are dealing with.

Peace and love.