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Technology Stocks : Celeritek(CLTK)- earnings up 1300%

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To: Robert Walter who wrote (103)6/23/1997 5:31:00 PM
From: James F. Hopkins   of 212
 
Robert; On CLTK ? I have not got any conformations I was hoping
to get. The TA looks bullish., product looks good, and balace sheet
is positive, but with surprise blow off in the market to day I
suspect it may scare hell out of a lot of buyers.
I bid my butt off this morning but was just late, ( and I hate to
chase a stock ) I split the bid/ask..( damm $1 spread hurts )..any
way they didn't give me any. Maybe tommorrow I get it.
The primary reason I got hyped up, was not in the news, but the
very high UP Tick volume Friday..over 600K went and thats nearly
10 times her normal volume..had to be a big buyer.
Jim

Jim
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