PictureTel (PCTL) Message Board

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Technology Stocks : PictureTel (PCTL)

PCTL 0.0001000

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Aug 4 2:00 PM EST

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To: joe pinto who wrote (574)	8/17/1997 1:07:00 PM
From: margin_man	of 920

Joe, I'm still here. I just got back from a mini-vacation and found out we had a mini crash in the DOW. I'm still holding PCTL. I may consider to add more on Monday if the market turns around for a quick short term play. But I have to be quick. Otherwise, MMs will raise the price so fast to avoid a short term play. I looked at the tape for Thursday & Friday tradings, the panic selling wasn't there. You can tell by the volume. One thing I noticed a block of 12500 shares was the last trade on each session. In addition, lately I noticed the price was taken down sharply on some occassions in the last 30-minute of trading day. It looks like MMs are shaking out the nervous investors. Good luck, Patriot P.S. Joe, you still hold the other dog (SHVA)?

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