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Technology Stocks : Network Connection , Inc. (TNCX)

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To: Douglas Rushkoff who wrote (109)11/25/1997 8:08:00 AM
From: Ajay  Read Replies (1) of 330
 
It didn't drop on high volume. There was a 44.4k trade that went in at the close. I'm trying to find out if it was a buy or a sell. If it was a sell, then the mm's knew it was coming and dropped it - which presents us with a rather attractive buying opportunity. If it was a buy, then it's good also. Most have been waiting for confirmation of a contract before buying - this will move up in price towards the earnings release since they are expected to be profitable again.
The problem with the company has been the sales channel. They definately have the product, considered the best out there, and many are interested - but they seemed to be having trouble closing the deal.
This letter w/ a CL gives validatiion that more may be coming and gives hope to other investors and should hold up stock price. There still is some tax loss selling going on but I know that one firm that covers it is buying it here.
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