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Technology Stocks : JACO - Jaco Electronics, Inc.
JACO 0.00010000.0%Dec 26 9:30 AM EST

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To: cazz who wrote (46)7/13/1999 1:19:00 PM
From: George McMeen  Read Replies (1) of 78
 
Volume is not suspicious

One fund owned something like 800,000 shares ... and was likely unloading in $4 area ...

yesterday when we pushed through $4 3/8, I believe that fund had finished selling ...

we are now back to days of old ... (before that fund started unloading for past month or more) ...

in days of old, 15,000 shares could move Jaco nearly a point or so ...

I doubt that float has dried up ... it is just that fund stopped selling

George
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