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Technology Stocks : Avid Technology
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To: David Kuspa who wrote (270)6/4/1997 11:16:00 AM
From: stephen silk   of 777
 
dave,
the momentum of this stock will not change until an event happens. Even on heavy volume days the price moves in violent surges of multiple 1000 share trades. An 'event' will cause intitutions to take over and rule where the stock goes. in the meantime the path of least resistance for momentum players seems to be up. While every chart syle i look at tells me this should be a $16 stock.
Time will tell, but since i have june puts, it's not on my side
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