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Technology Stocks : Emulex, What Prospects?
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To: Mel Durao who wrote (40)7/24/1997 7:26:00 PM
From: Thomas Scharf   of 788
 
Volume on EMLX has been really low the last 2 days, but price support at 15 has been very strong. I've had a buy order in at 14 5/8 for 2 days (that has been the bid price on the quote for the entire time). The MM's have been unwilling to fill it. At one point, they pushed the ask up to 15 1/4 making a huge spread of 5/8. A few sellers have come in the market at 14 5/8, but the MM's have been grabbing all of that action.
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