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Technology Stocks : Trikon Technologies - TRKN

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To: Mr. Stocks who wrote (284)8/28/1997 11:23:00 PM
From: davesd   of 926
 
Looks like TRKN hit a wall at $10....... Over a million shares have traded in the last few days and the stock has moved only $2.5, for a thinly traded stock that's a small move for alot of shares.

There seems to be enough sellers to balance the buying ....if there is any news/rumor or "secret deals" out there it seems only a few people know it.

If something is going on....it's obvious that someone knows about it and taking advantage of the info. TRKN should make it public, it's the ethical thing to do in my opinion.

Anyways, if there is no news anytime soon, I think we will be heading back to the $7-$8 level again. The one analyst has an estimate of -25c for the quarter......the company said that the quarter will be comprable to Q2...question is how did they come up with -25c???

Looking at the charts....the volume has slowed down and the price is having problems at the $10 level.....lets hope it was due to the general market today and the trend continues.

Good luck

dave

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