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Technology Stocks : Storage Dimensions - STDM

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To: Elwood P. Dowd who wrote (211)9/12/1997 8:15:00 PM
From: kvogel   of 311
 
Someone is definitely buying shares. The bid was at 7 3/4 until the last 5 minutes today for more than 3 hours. About 40,000 shares were bought at this price. It wasn't market makers cause they keep a big spread when nobody is trading the stock. Criss at STDM says earnings will be announced on Mon- Oct 25. I fully expect no disappointments and a possible upside surprise. With the large base built over the last 2 months STDM is now forming a very positive technical pattern.
Moves ahead are forming higher highs and pullbacks occur at higher levels. Overall volume is picking up. I don't see any real resistance to over 10. I'm holding as I have a nice position bought at an average of 6. Patience will pay off very nicely and the time is right. The last quarter is the best for the company so things should keep up for a while.

Karl
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