Speedfam [SFAM] Lovers Unite ! Message Board

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Technology Stocks : Speedfam [SFAM] Lovers Unite !

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To: GuinnessGuy who wrote (2650)	2/4/1998 6:57:00 PM
From: John Chalker	Read Replies (3) of 3736

Craig, That's a great story but I'd like to find a solid reason for today's advance. Today's 6 1/2 point move smelled like heavy accumulation based upon a suspected takeover bid. If that is the case, then there should be NO pullback tomorrow as the word will spread among the MM community. On the other hand, if there is a meaningful pullback, we could assume that today represented very heavy buying by one or two funds. Personally, it is not normal behavior for a fund to chase a stock and bid it up, so I am thinking either serious takeover rumor or major short covering. Shorts will buy at any price when they want to cover. Let's watch tomorrow carefully. Chalks

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