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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: Dante Sinferno who wrote (50)3/12/1998 12:03:00 PM
From: Hank  Read Replies (2) of 118
 
Rob,

I'm going to hang tuff a little while longer and look for a bounce to sell into. It's my guess that the price will mysteriously stay at or above the level it is at now. I'm kind of surprised that the CEO would come accross so negative in the annual report when they have a secondary going unless he felt his comments wouldn't significantly affect the offering price. Obviously, the further down the price gets pushed, the less attractive it makes the secondary and the less money they are likely to make off of it. Lets not forget that FAHN is handling the secondary. The higher the offering price, the more money VII and FAHN get out of the deal. We both know how good FAHN is at manipulating the stock price on small caps. It wouldn't surprise me to see them push the price up just long enough to get the secondary through and then let it drop again. Just a hunch on my part.

Hank
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