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Technology Stocks : GenRad Inc.(GEN) entering the ADSL market!
GEN 25.87-1.6%3:59 PM EST

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To: halfscot who wrote (160)7/14/1997 8:53:00 AM
From: Jeff Clegg   of 283
 
Price drop due to 1 Market Sell trade of 14,000 shares.

This sucked up all the buy orders down to 22 1/2 and then people started to panic and sell at this point. (This stock has a habit of falling a point or so on small sell volume - always comes back.)

IMHO:

From Genrad's recent runup I would have to say that this investor saw that there was little immediate opportunity for further large movement in Genrad's stock price and decided to move his money into other opportunities that have greater immediate potential.

Genrad is a great long term investment. Short term there are better stocks out there. DON'T MARRY A STOCK! Point drops in Genrad's price at this point, represent buying opportunities (from a fundamental point of view).

Regards,
Jeff
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