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Technology Stocks : Systemsoft Inc. (SYSF)
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To: Jim Roof who wrote (186)8/19/1996 12:52:00 PM
From: Serguei Artiouchkov   of 3529
 
Jim,

If you do not mind me asking, what is your plan for this stock depending on different scenarios? After looking at the intraday chart on Friday I had a strong urge to cover Monday morning, jump on a long position and play it short again after it hit 35 or something. Then I had a thought that maybe I should use myself as a contraindicator. Thing is, all the big players are still holding to the shares they accumulated on the run up, and they did not unload them at 27. Friday volume of 400.000 shares is too light to make assumptions, but it looks to me as all the big blocks were traded on the buy side and a little sell off was orcestrated at the end just to keep the closing price lower. On the other hand, the volume of blocks accumulated was still too small (around 150.000) to assume that some really good news (like an acquisition) about the company are going to be releazed at the conf.call. Maybe carefully adjusted financial statement and some more hype - enough to give the stock a jump start to the 30s. Tell me what you think, your opinion is highly appreciated.

Serguei.

BTW, they keep the spread wide when there is no trading activity on the stock and narrow it down when it seems to be a little more active. Maybe it'a normal practice and has nothing to do with the price manipulation of this particular stock.
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