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Technology Stocks : Centennial Tech(CENL)-current and future
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To: manny t who wrote (246)12/6/2000 2:03:56 PM
From: Shel10   of 260
 
Suspect that the price drop is due to a combination of factors.

1 - The volume of shares traded is not significant.
2 - Within that volume is probably a significant percentage of individuals that bought when stock was below $5.00.
3 - Most have doubled, and some have tripled, the value.
4 - They have held for one year and are selling to take profits to buy any one of the undervalued tech stocks that are long term holds - Motorola is a good example, it's down below $20.
5 - very little interest from institutional investors, and not enough shares available if they were.

Centennial only has 3 million shares to trade. If they were to try to accumulated a block of 300,000 shares, they'd be considered as an insider.

Centennial needs to do a split of at least 3 for 1.

We should see a rise to $20 in a few weeks. The quarter is closing. Good profit numbers will generate interest.
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