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Technology Stocks : edusoft (EDUSF)

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To: Boris Maleshev who wrote (92)	9/22/1997 10:36:00 PM
From: Frank Gasker	of 272

Boris, I for one tryed Cynthia DeMonte in New York today (Monday) who had left for the evening. Will attempt tuesday. I'm very interested in your comments about your observation that in spite of increased selling pressures, Edusf appears be holding up well. I agree that it could be from accummulation by large buyers. Some observations which support your theory 1 Edusoft has gone from an accummulation rating of A to B since early Sept. Indicating selling has increased. source IBD 2. Edusoft has retained moderate to heavy volume and remained within 10 percent of highs. 3. In spite of the political uncertainty, Isreali stocks especially high tech ones have and continue to excel. 4. The number of Isreali IPO's and startups for 1997 have dwindled to about 40% of 96 levels. Secondary offerings have increased 100 percent. Investors, including institutional wanting exposure in Isreali are focused on existed established companies. with proven performance. sourse Tel Aviv Globe 5. software as an industry group has risen from a January "E" to a sept "A". source IBD What if any are your projections for Edusoft gfrank

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