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Technology Stocks : audiocodes ltd. (AUDC)

AUDC 9.660

+3.6%

Nov 5 3:59 PM EST

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To: Arik T.G. who wrote (139)	4/12/2001 2:13:58 PM
From: Herschel Rubin	Read Replies (1) of 229

Lots of activity on AUDC on Level II today all of a sudden. Trades are going off at the ASK and causing sellers to back off. PRUS (Prudumbshit) even was on the ASK at $6.48 with a token 100 shares and a 100 share trade took them off the bid (indicating there was no more size behind their selling offer). Those dipwads... If they cite a price target of $4.50 I would expect to see them putting their money where their mouth is and short if they're that confident AUDC would go that low. However, PRUS is not a net seller, nor are they even a presence on the inside bid/ask, unless they're buying anonymously via an ECN, which they probably are doing, in accordance with their "Dump & Pump" style. Expect the "Pump" part of the equation to happen soon. Anyhow, I expect AUDC to turn around from this point judging by the flurry of action in the recent hour. Plus, THERE WILL BE NO MORE FORCED MARGIN SELLING as AUDC's price has been at these levels for 3-5 days while margin calls have played out. The Prudentials of the world and the other MM's for AUDC know this. And they know they won't be able to hold AUDC down and wait for weak margined holders to be flushed out like they have been able to in the past few days. After margin squeezes, buoyancy returns. Always does... Look for a strong close towards $7.00/share today. Next week, even higher as the market realizes that buyers are moving into stocks who have been forthcoming with warnings, but who have excellent forward prospects like AUDC. For example, look at the HUGE relief rally on record volume in JNPR today (another stock which I'm in). Expect a similar relief rally for AUDC after they report earnings because the ultimate pessimism is already factored in at these price levels.

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