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Technology Stocks : Mylex
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To: Minos who wrote (1791)7/3/1999 12:04:00 PM
From: miklosh  Read Replies (2) of 1820
 
Over at the yahoo board peple are hyping mylex like crazy.Basically the rumor is that IBM or ADPT will buy out mylex. As always I'm skeptical. My guess fwiw is that insiders are accumulating. The volume pattern last week was that early-mid day volume would pick up as the mystery buyer(s) accumulated , and then volume would taper off for the remainder of the day as the buyers backed off and a little profit taking brought the stock off its highs.IMO, If mylex can base above 7 it will go significantly higher.
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