Volume Precedes Price...Drastic increases in volume Message Board

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Strategies & Market Trends : Volume Precedes Price...Drastic increases in volume

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To: Snowman who wrote (78)	10/15/1997 6:09:00 PM
From: Andrew Ghezzi	of 97

Is this drastic enough? 1,800% normal daily volume ! INDE...buy-out rumors abound, EPS numbers might be good, management has been cleaning the balance sheet...Huge inside buy back in late June. Daily average (3 month) volume...191,000 today's volume...3,490,000 time since we ever traded that many shares...NEVER. (highest was a 1,000,000 in last year alone.) breakout is off the low, base is around 2.65. IMO, they are worth about $4.25 using conservative revenue/BV multiples. You be the judge! The TA'a will be all over this tomorrow! Andrew Above is my opinion.

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