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Technology Stocks : Aware, Inc. - Hot or cold IPO?
AWRE 2.130-3.2%Dec 2 3:59 PM EST

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To: David Lawrence who wrote (3340)4/17/1998 10:52:00 AM
From: Herschel Rubin  Read Replies (1) of 9236
 
It didn't like to be trading in the sub-$13 region very long. I chased a limit order up.

Interesting, I haven't seen a trade over 3,000 shares!!! This stock isn't traded by large players - at least now. The open certainly wasn't a panic selling situation by any stretch of the imagination. Rather it seemed to be a low-volume "wait-and-see" situation. Once it was clear that the stock wasn't selling off over missing by a penny, buyers moved in after about the first 20-25 minutes.

Seems that there would be a large difference in impressions between those who simply read the press release and those who listened to the conference call. Had I only read the press release, there wasn't anything exciting there - kind of matter-of-fact with little peripheral details. But I had a much better feel for things after the conf call.
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