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Technology Stocks : VIAS VIASOFT & THE Y2K PROBLEM

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To: TEDennis who wrote (342)6/3/1997 2:53:00 PM
From: Timoteo   of 2067
 
TED- I expected VIAS to test their high and then regress back down to about 44. Barring any news, I no longer think it will fall back to the 30s before earnings, unless the techs tank. On the other hand, the recent news doesn't justify the rise and volume has been unusually light for the % price move. Today's price action was reasonable profit-taking in light of the market. A good indicator of the strength of the quarter may be insider sales. By this point they should have a pretty good idea what the quarter looks like. I would take any selling as negative, or lack of as positive, since I think there is still some insiders waiting to sell.

We'll See! Good Luck!

Timoteo
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