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Technology Stocks : RGFX Raster Graphics

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To: Buzz Mills who wrote (452)	11/22/1997 8:49:00 AM
From: Fred Fahmy	of 593

Buzz, <It isn't as if everyone suddenly started buying RGFX today without a reason.> "Everyone" coud just be one or two funds deciding to establish a decent size position. With most sellers gone and with the stock sitting at such a ridiculousy low price, I don't think it would take more than one big buyer wishing to establish a decent size position to drive up the price. At any rate with volumes more than 3 times the daily average and with everyone having had the chance to sell in the 4's, it is not surprising that this type of volume would drive up the price so sharply. Whether the volume was high because of impending news, I guess we'll find out soon enough. I just hope this volume wasn't due to pure speculation or rumors and that if they don't materialize that whoever was buying today, dumps next week. At any rate, Friday was a very exciting day for RGFX in the face of a generally negative tone for the tech stocks. At one point it was up 35%. Good luck to all of us next week, FF

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