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Technology Stocks : Spectrum Signal Processing (SSPI)
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To: pat mudge who wrote (2732)7/13/1999 5:10:00 PM
From: Edwin S. Fujinaka  Read Replies (1) of 4400
 
Hi Pat,...Sorry I can't post such interesting stuff as you do <G>. SSPI has been pretty interesting however. The last four days have shown 1.42 Million shares have been traded with one day showing 604 Million shares compared to the normal trading volume of around 30,000 shares/day. Nice. The two biggest traders in SSPI on the Toronto Stock Exchange were brokerage houses that bought only slightly more than they sold with average weighted prices for buying and selling of around $1 CDN differential where they sold at higher prices than they bought at. The major buying and selling was on the US Nasdaq. I don't have data on who was buying in the US of course.

Oh yes, those biggest traders in Canada were IPO Capital Corp and RBC Dominion Bank. Information is available on the buy and sell quantities and the weighted average prices that these guys bought and sold at, but I won't bore you with the details <G>. I was nodding off myself.

I was told that the United States Nasdaq should have jurisdiction over the stock transactions that occurred on that Exchange. I am informed that the laws are indeed much looser in Canada than here in the US. I am not wishing for bad things to happen to the Company. I want a higher stock price. Having said that, I would hate to see anyone profit from purloined information in violation of US Law. Unless it is you Patricia, in which case I would ask for leniency <G>.
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