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Technology Stocks : Storage Dimensions - STDM
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To: Jimbo Cobb who wrote (196)8/28/1997 3:07:00 PM
From: kvogel   of 311
 
Higher opening and fairly large early volume led to market makers shorting. They have been covering those shorts most of the day. Not many sellers at the bid though. I think sellers in this stock are pretty well flushed out since current bid is above 1)IPO price and 2)all trades since the earnings warning which tanked the stock. The stock is almost certainly headed higher with no resistance until above 10. HOLD and RIDE.

Karl
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