Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! Message Board

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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE!

RACE 333.73

-0.3%

Feb 6 3:59 PM EST

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To: Jan Robert Wolansky who wrote (22609)	8/2/1997 2:48:00 PM
From: Marshall	of 33268

Thanks for the technicals. I've been looking at what I believe to be the reality of the situation as things stand now. We've had several very positive press releases which point strongly towards what could amount to substantial sales contracts in the immediate future and for all we know they could have already received some nice initial orders. Obtaining the support of reputable distributors and a major installation/service organization appears to have been no problem and I would expect other deals to follow. I'd love to find a history of Intel or Cisco somewhere to compare their early struggles working towards acceptance and success to what we've been experiencing over the past few months - I'd almost bet we've made better progress in less time. We have seen some strong trading in the stock followed by weakness, then a little strength returns followed by yet another rest. Someone is quietly accumulating shares or we'd have been at that magic $8 everyone keeps talking about a long time ago. We were trading strongly above $16 when the first fed filing regarding the Cygnet/WS Clearing/Axelrod "situation" appeared and the trading has been muffled ever since. Despite the outstanding press releases we've seen since then the fear of that overhang is still controlling investor sentiment. There is likely a fair amount of money sitting on the sidelines just because of this reason. The few brokers that try to keep an eye on the selling activity through P-W feel that a significant portion of the 840K shares have returned to the general float. Axelrod is required to file an update as to the amount he's sold (as of date unknown) by the 10th. I'm unsure if this will mean we'll see it on Friday or the coming Monday. The short interest came in at a record 1.1M and the company is still in process of attempting to conclude additional deals assumed to be substantially more impressive than these first ones. I firmly believe once the public has an indication as to what amount of overhang still exists we will resume some forward movement, and if the reported number is relatively low those 1.1M shorts will likely get a little more nervous. Any that have researched the history of the stock should know by now that the longs aren't as concerned with the numbers that come out for the quarter but rather with the reports of progress.

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