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Technology Stocks : Vari-L (VARL)

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To: RobertSheldon who wrote (2201)5/16/2000 12:31:00 PM
From: J Stone  Read Replies (1) of 2702
 
**The street is in the stock, just not to the degree afforded by a larger float. Funny thing . . . the folks I mention and others have dried up the float a bit more. In other words moves in the stock can easily be magnified one direction or another.**

Agreed. The point of my earlier response was we shouldn't be waiting for the street to drive the price up -- even if there was substantial interest because it's difficult to accumulate a substantive amount w/o driving the price up significantly. We saw the effect of heightened demand on price in Nov. and Dec. when the stock got ahead of itself. Now it's whipsawed the other way, and I don't mind. :)
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