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Technology Stocks : Stanford Communications

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To: JAMIE KAUFMANN who wrote (55)	11/2/1996 11:01:00 AM
From: Cynic 2005	of 62

Jamie, did you notice how the market makers try to drive the faint hearts away? The B/A was dropped to 27/28.75 after 2 PM when the previous trade was at 29. Since there was hardly any trading for an hour after that, I think they were probing for sellers until about 3:30. Then came a big buying binge - about 45 k shares in the last 20-30 minutes alone - with not much rise on the bid. The MM's must have a negotiated order in the afternoon and they looked for cheaper buys by lowering the bid before they filled-in the big order. These kind of things never happen on NYSE. I think STII is bottomed out. I look for stabilization in the low to mid 30's. Unless there is some news, it may stay there for a while. Do you know if, by any chance, TRW may not proceed with Odyssey? Good luck! -Mohan

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