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Technology Stocks : NETsilicon NSIL (ipo)

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To: Jack Hartmann who wrote (70)11/13/1999 11:27:00 AM
From: Jack Hartmann   of 161
 
NSIL close at $15.13 on vol of 724,000.
Usually volume should be lower Monday as in the past two time after reaching 1M shares traded the day before.
Close very strong near the high.
960 trades today per SI.
The first institutional buy interest message was at ~$14 1/2 around 11:20. Stock shot up after that and flat lined the rest of the day. 40% institutional action per Iwatch. Good sign of them vuying into strength.
Some later trades on Friday:

Time Price bid/ask Shares traded
1348 15 --- 5000
1416 15 --- 6700
1416 15 --- 7500
1416 15 --- 5100
1534 15 bid 5000
1541 15 --- 5000
1541 15 --- 5000
1559 15 1/2 ask 5200
1600 15 1/16 --- 10000
1600 15 1/8 --- 5000

Three above trades at 1416 were probably 20K inst buy, just split up. Looks like instittions are buying at a specific price vs. market orders. Strong support at $15 now.
Some conflicts in the semiconductor market. INTC get down graded, but heard a Merrill guy saying sector will be even stronger this quarter. NSIL and INTC don't coexist so comparing them is a moot point.
Jack
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