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Technology Stocks : Avid Technology

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To: John Veltheer who wrote (226)	5/9/1997 8:24:00 PM
From: James F. Hopkins	of 777

Hi Jev: I just stumbled on AVID..a chart tossed her at me because of her very fast run up..I don't know a thing about her except she seems to be flying fairly high. Were did you short her at ? I was in and right back out of puts on the 7th for a 50% profit.. felt like I had got lucky..today dam she most ran back up there but not quite..so I stumbled around and said well the heck with the May 20..and looked at June..not expecting to get them I bid some June 17.5 at 1/4..dam they came to me..what's going on with this stock..? she can't stay up here for long as it's to tempting for to many to take profits..but they must be squezzing some shorters, other wise she would have retraced some of her gains..but then to maybe I'm all wet..but nothing I know of other than they discovered gold or oil can justify a stock doubling in price in such a short time..have they found a cure for aids or what.. it has to be something very big to justify this much run up. Look for her back at 16 or so but maybe after ex date..glad I moved to June. Jim

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