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Technology Stocks : Telxon (TLXN)

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To: Jatin Kadakia who wrote (216)8/26/1997 5:49:00 PM
From: Jatin Kadakia   of 378
 
Hi Joe (long),

Close but no cigar. Was pretty quite in the morning but it started moving in the afternoon. Caught me by surprise. Nice move up on heavy volume to-day on an otherwise down day. Anyone dare to guess what could be causing it? No news I could find. Could be the company is buying back to help rise so convertibles can be redeemed or money rotation from large caps to small caps. Don't know what (may be Joe M. covered his short position! <g>) but I am not complaining. Hopefully, we will close above 25 during this week.

Regards,

JK (long on TLXN)
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