Proteon Message Board - Msg: 2460047

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Technology Stocks : Proteon

PTON 7.660

+14.2%

Nov 7 9:30 AM EST

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To: J. Liu who wrote (374)	10/16/1997 2:18:00 AM
From: Jay Rafati	of 512

According to Thomson Financial's, in May when the price was 2.5 or so, an insider (Director) purchased 40,000 shares. Other than that no news except for the new product announcement. (IMO)The volume has been picking up lately indicating institutional interest or short covering. If the traders are pushing it up, they will continue driving it to 4 or 4.5 untill the 23rd, then start the distribution phase to the average investors. It is hard for them to enter or exit in a big way so they will do it slowly. When I sense a volume increase without an upside trend, I will sell because thats the distribution phase. Good luck.

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