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Technology Stocks : Micro Linear (MLIN)?
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To: harryr26 who wrote (1351)12/17/1997 4:22:00 PM
From: R.S. Blum  Read Replies (1) of 1675
 
Although I am among those disusted with this issue, I think simple mathematics surpringly prove otherwise. On Oct 30, they announced $1.5MM allocated towards the buy back. At say $7/share, that's only 214M shares. With this in mind, the last jump from sub-7 came in volume of approx 400M shares and today, we're already over 822M.

Sooo, seeing I didn't notice any increases in the buy back, there most certainly is a few working with speculation today. That's unless the MM's are getting bored again with their stash and are playing games to coax some profits by adjusting inventories and catching updrafts.

Good Luck,
-Scott
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