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Technology Stocks : Comverse Technology
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To: Al Van Putten who wrote (69)8/14/1996 12:05:00 PM
From: Brett Trueman   of 1331
 
Al, thanks for the information about the web site. I'll check it out.

You're right that not much is happening with the stock today. There was a brief upswing early in the day, which fizzled. But, the same price action occurred yesterday. It was only after a few hours that CMVT took off. And that happened as the market was going down.

It's really hard for me to figure out the intraday price action in the stock. It can go down by .5 - 1 point in a few minutes and then go back up a short while later. It looks to me like the market makers are changing the price in advance of a block trade and then bringing the price back to where it was. The bottom line seems to be that this is a pretty lucrative stock in which to make a market.

Regards,

Brett
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