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Technology Stocks : National Instruments (NATI) - Insight, please?
NATI 59.980.0%Oct 11 5:00 PM EST
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To: Randy Ellingson who wrote (126)7/23/1999 11:39:00 AM
From: Jason M  Read Replies (2) of 217
 
Yeah, it is nice to see this recent upsurge in price. Apparently, NI likes to keep the stock price below 30 so anytime they get high enough they must split to keep it in this range. It's all about psychology. I also once heard that the reason NI stock has a relatively conservative upward movement (to other tech stocks) is because it's float is small. There just isn't enough liquidity in the stock. this is evident in seeing its trading volume as compared to other tech stocks, pretty dismal. By doing these splits, more stock is available and thus mutual fund buyers are more apt to buy.
I listened to a bit of the conference call and it appeared that the numbers were exceptional. This company continues to grow and move forward like a juggernaut. I remember you stating earlier this year that NI is a bargain under 30. Those words were prophetic as anyone who jumped in 2 months ago around 26 can now boast a +50% return in that time.
I noticed that there was a bit of correction this morning ( down 3). I think that this was expected. Almost all tech stocks are buy on anticipation and sell on news. It will be interesting how the rest og the year plays out.

Jason
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