Deswell Industries (DSWL) Message Board

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Technology Stocks : Deswell Industries (DSWL)

DSWL 3.726

+0.3%

3:39 PM EST

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To: kolo55 who wrote (201)	10/30/1997 12:11:00 AM
From: Ron Bower	Read Replies (1) of 1418

Paul & thread, Your thoughts echo mine on prices. Reduce if +/-27 stock, +/-9.75 warrants before the report, otherwise wait for it to come out and evaluate from there, but I plan to keep at least half until after the report. Trying to figure out what's going on with the heavy volume yesterday and today. Far more action on the recovery than the falloff. There's some profit taking and that accounted for some of the weakness, some weak kneed sellers deciding to take advantage of the higher price, but who are the buyers? Normally this much action would push price sharply up or down. Instead it sat at the 20.5-21.25 range most all day. It didn't seem like institution or fund buying because the blocks were all small. Almost 3x the NTAIF trading. Curious. I thought it would run to at least 22-23 with some profit taking and warrants to a firm 8.00+. Perhaps tommorrow, but it bears watching. With the expansions in May to meet order demand, I'm very optimistic about this Q report tempered by what just happened with ELAMF. For what it's worth, Ron

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