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

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To: James F. Hopkins who wrote (107)6/25/1997 1:01:00 PM
From: James F. Hopkins   of 212
 
To All; I picked CLTK up at 12-3/4; just in time to see it fall even
more..the volume the other day I took as a good sign sure fooled
me. Much to my dismay after I bought the stock I find out insiders
sold off last month at 10.88..had they got a better price it would
not worry me, but when insiders sell when she is down it don't say
a lot for their faith. I didn't like that at all so I'm back out of
her now at a small loss. I was hesitated to start with considering
the spread the market makers had on her.
I'm getting disgusted with the Nasdaq more and more.
I'v changed my mind about this stock, in spite of her good
looking books, something seems fishy.
Jim
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