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Technology Stocks : CNQR - Concur Technologies
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To: TraderTerry who wrote (163)12/15/1999 1:58:00 AM
From: Lane Hall-Witt  Read Replies (1) of 374
 
When there's a buyer's strike, as was the case toward the close, it's easy for the price to plunge down through the stops. I'm amazed the volume was only 1.2 million shares, given that we lost 16 percent today. Only 400-500K of the volume traded during that horrendous last hour, I think; all other shares on the day went through at 31+. (I'm not looking at a Time/Sales table, but believe I recall the volume being 700-800K when we hit freefall.) If this moderate volume on such a pronounced price drop is any indication, the stock seems to be in pretty strong hands. We'll see--.
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