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Technology Stocks : Vicon Industries ( VII )
VII 0.206-24.6%Jul 11 5:00 PM EST

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To: R Sandvig who wrote (43)3/11/1998 5:04:00 PM
From: Hank  Read Replies (1) of 118
 
Not really. The price came up again towards the end of the day, so I am not hitting the panic button just yet. The drift downward seemed to occur on light volume and then came back with what appeared to be a couple of large buys. Could just be the result of antsy traders getting cold feet and bailing out. The major players are all still onboard from what I've seen. With a float this small, it's almost impossible to guage bottoms and tops with 100% accuracy since the price can be pushed up or down so easily. My biggest concern at this point is that the market in general will top out before we get a retracement. That would definitely put a crimp in any upside moves. I'll wait and see what tomorrow and Friday bring before deciding to stay or go.

Hank
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