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Technology Stocks : NUKO INFORMATION SYSTEMS
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To: Peter Shaw who wrote (2111)6/11/1997 6:17:00 PM
From: BubbaFred   of 3509
 
Peter et al -

It is probably correct that the selloff has taken place (last week), but I was disappointed with the volume. I was expecting higher volume (say 2 to 3 million) in one day. That would be a sure sign of panic selloff which would have taken the stocks to new hands. If it were November or December, the selloff volume may be bigger due to tax loss selling.

As you can tell, I may be wishfully bottom fishing. Is there still "end of brokers' month" where market makers have to square away their books? Once in a while, I saw stocks sold at firesale prices in a very short time (minutes) and immediately rebounded to the eventually support level. I guess in NUKO's case, the float of 10 million is too small for this to happen.

Bubba
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