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Technology Stocks : Vicon Industries ( VII )
VII 0.206-24.6%Jul 11 5:00 PM EST

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To: R Sandvig who wrote (101)1/5/1999 8:59:00 AM
From: Hank  Read Replies (1) of 118
 
I have no idea what tax rate might apply but I think 35% might be a bit high. At any rate, it doesn't take much buying to move this stock rapidly, as you can see. I expect it will trade in a volatile fashion as the overall market remains somewhat unstable. Don't be surprised to see this stock rise into the $10-$15 range just before earnings and then get slammed again right after the announcement. This stock has been a target for day traders before and I imagine yesterdays action caught more than a few peoples attention. You could argue that the stock is worth $10-$15 but there will be too many people looking to cash out at those levels for it to stay there for long.
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