Citation Computer (CITA) Message Board

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Technology Stocks : Citation Computer (CITA)

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To: Stuolson who wrote (800)	1/26/1998 9:14:00 PM
From: steve winograd	Read Replies (2) of 1256

<<Steve it is NOT common practice for potential acquirers to buy more than a token amount on the open market. That is usually only done, where the buying party is more interested in marking quick money on selling their stake to another party. Furthermore, you are assuming that somebody could buy a substantial stake in CITA at near current prices, which is probably a doubtful assumption considering the volume today.y>> Not only am I losing faith in you're stock picking analysis, I'm afraid you're also going to lose your bet. Volume today was only 1500 shares. If indeed some company was interested in purchasing CITA and was willing to pay 13-14 dollars a share, it is highly unlikely the stock would drop on this low volume. Someone would be picking up these discounted shares. If the optomists on the board were true believers, they would be picking up shares. My prediction (for what its worth)-$10.

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