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Technology Stocks : E-Games (EGAM)
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To: Francois Goelo who wrote (134)3/6/1999 10:33:00 PM
From: Matt Brown   of 335
 
This is just a thought that struck me.

Ok, we all know that EGAM is buying back $1mill of stock.
Recently, the stock has taken a huge beating from its $6 highs.

EGAM has not let out any PRs, thus letting the price drift into the low 3's, high 2's.

If you notice the volume on EGAM, it was up pretty high from normal.
1/2 million. Avg has been around 300k.

If anybody watched pretrading, somebody was buying it up. Obviously at a loss for now, but maybe they know something that we don't. It was all buying.

Now it only makes since for them to let the price drift down if they can control it and know that they can buy at a much lower price. Common sense.

ALL companies will come out and say that they have finished buying. EGAM has not yet.

Maybe EGAM is done buying and can let the real PR out of the bag.

Let me know what you all think.

Matt
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