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Technology Stocks : Bitstream (BITS)
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To: xbrent who wrote (54)12/10/1999 5:29:00 PM
From: xbrent  Read Replies (1) of 108
 
Buy out rumors on various other chat channels at 15 1/2. Maybe thats part of the run up also. I have to think that BITS technology would be sought.
Market Maker activity today was especially active. They were about the business of running every stop and sqeezing out every last share.
At one point just before the close they dropped it 3/4 in about two minutes on no volume just to pick up a few more shares and brought it right back to where it was. They probably spotted a couple of newly entered sell stops that were too irresistable to pass up. After hours trading was higher. With a volume of over 4 million shares things are definitly looking good for BITS. The stage is set for XML technology publicity and perhaps this buyout rumor to continue.
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