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Technology Stocks : Tut Systems, Inc. (TUTS)
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To: Dakota Sullivan who wrote (99)2/12/1999 2:08:00 PM
From: FNS   of 293
 
Dakota: >...unrestricted syndicate buyers flipping after the IPO against relatively small float (4MM I think?) < The float is actually smaller, around 2.5 M...outstanding is 11M, I believe, but if wrong I'll get back to you.

I would imagine that if the stock doesn't hold around the 47 -48 level we could see bigger downside - 10-15 points, or some point where buyers get hungry. Buy now ma assuming the pendulum is swinging to he downside and, hopefully, will start to swing south!

Thanks for your input. Good luck.

FNS





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