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Strategies & Market Trends : The picks

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To: Andrew Vance who wrote (2095)1/16/1997 5:41:00 PM
From: Jeffrey S. Mitchell   of 6124
 
Re: ALYD volume DOUBLES in one day; more than CSGI and DDIM combined!

MY guesses for this increase in volume (not in any order),

1. ZITL volume down from 8M to 2.7M - that means a ton of people looking for the "next" Y2K rocket.
2. Rumors, such as which 5 Fortune 500 companies ALYD has contracts with; the Viasoft connection, etc.
3. ALYD stock is one of the few Y2K stocks trading at a low, rather than a high.
4. Word of mouth, from people on SI, Compuserve, AOL, etc who are beginning to hype this thing.

The price is still in the 10-10.5 range, which means, from what I've learned from Kevin, it's still trying to shake those that got caught on its way down last May. GREAT news for those yet to get in.

- Jeff
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