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Technology Stocks : Storage Dimensions - STDM

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To: Sparky Beardslee who wrote (77)6/12/1997 7:13:00 PM
From: kvogel   of 311
 
To All: Somebody bought a sizeable position in STDM today- 100,000 sh. These were bought near the highs for the day so it was clearly not MM's although they probably supplied most of the stock by selling short and getting rid of some of their inventory gotten at lower prices. This is very positive for the future because they will not sell til a substantial move move to the upside has been made. I think we're running out of sellers very quickly and foresee a relatively short base-building period. MM's still have plenty of stock and are going to force this one up. Might test 5 1/2 again but things are looking great.
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