Cognitronics (AMEX: CGN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cognitronics (AMEX: CGN)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard L. who wrote (20)	5/31/1997 1:17:00 PM
From: Neil Kalton	of 142

Richard, If it is nearing a top it is probably only short term. As "INVESTOR" noted it looks quite probable that this stock will go to $15-20 by years end. As for the after hours trade over $11 I don't know what to think. I'm not real sure how after hours trades work. I would guess that if someone wants to buy after hours they have to find a seller. This may be the reason why the purchaser paid a 6% premium over the closing price of 10 5/8. I can only speculate why someone would pay so much: A. They have substantial holdings and are trying to "manipulate" the stock upwards (the after hours trade was only for about 4000 shares I think) or B. Someone thinks CGN has some news coming out Monday morning that will drive the stock upwards and 11 3/16 will look cheap or C. Just because someone wanted to buy at 4:19. Thanks for the response, -nk

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next