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Technology Stocks : ObjectShare (OBJS)

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To: Scott Smith who wrote ()2/20/1998 1:15:00 PM
From: Raging Bull  Read Replies (2) of 185
 
OBJS is up 20% at $1.5 on two buy orders.

At 10:15 eastern time an order in the 50k range pushed objs up to 17/16 but the bid remained low. The price fell back some on no volume. Another order has pushed the ask above $1.5 with a much narrower spread. It appears there is some support for a sustained price at this level. It is also interesting that there is a much lower ownership by institutional investors and one individual investor owns more than 5%. This could be the start of some sustained growth built on fundamentals (VisualWorks 3.0 introduction, Parts for Java Pro, projections of a much larger than initially expected market for Java, projections that Smalltalk will grow as a language for the next couple of years, return to financial stability of ObjectShare, resale agreement with IONA.

What are your thoughts? This thread is very quiet. Is everyone out there popping the corks on their champaign bottles?
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