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Technology Stocks : Elcotel, Inc.
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To: GJF174 who wrote (72)1/23/1998 6:08:00 PM
From: GJF174  Read Replies (1) of 94
 
100,000 traded 1/4 below the market today. It was a small institution who wanted out, and had been offering stock. Usually, when an "overhang" is gone, the stock goes up. This is the best the chart has looked in a while. Now I know why the stock had been weak. The market knew there was that seller. I think the stock can advance with it gone.
There was a nice announcement on Wednesday.
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