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Technology Stocks : Storage Dimensions - STDM
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To: Jimbo Cobb who wrote (54)6/9/1997 9:09:00 PM
From: kvogel   of 311
 
Institutional selling kept price down today. This won't take much longer as institutions didn't have that many shares. The stock should base out in next few days. It might go back to 5 1/2 where I'll buy more. Salomon and Smith Barney make markets in the stock and are probably picking up blocks on sales. The earnings for the fourth quarter and next year have not been lowered. If the stock sold at 30 times earnings which is less than projected growth in the industry, the stock should go to $30. within a year.
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