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Technology Stocks : Vitech America tackles Brazil
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To: CMon who wrote (126)10/31/1997 3:26:00 PM
From: Craig Schilling   of 153
 
Common CMon,

The question you have to ask is why are they based in the U.S. when all their sales are in Brazil. It's simple, so they can continue to finance their debt. The spread on this stock demonstrates that very little trading is occuring except between a few market makers who are trying to make it look like the volume is there. Move this stock on to the NYSE and I bet the volume wouldn't go over 10,000 on a daily average. This stock should not be going up with the way the Brazilian market has been declining.

Craig
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