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Technology Stocks : PRI Automation up 30%

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To: Scott Maxwell who wrote (82)10/30/1996 1:51:00 PM
From: HB   of 193
 
Yes, I've noticed this tendency to lag techs in general by a few
days on the way down. (Actually, PRI often sheds its highs on
profit taking, but when the general tech market is in a downdraft,
it seems to wait a few days before following it down. Those who
are left probably like the stock so much that they hang on.)
I didn't sell any yesterday (would've still made money) because
of the low volume. I'd like to think today justifies that decision.
I have a vague impression something like tape-painting may go on
with this stock -- or more likely, some market makers felt the lack
of buyers and gneral tech slump justified trying out a lower price, but
it didn't take. The spread suggests it ain't exactly an auction
market.

Anyone seen news to account for todays upward movement? I don't get Dow Jones, and my web sources don't
have anything (most recent I can find is an order for an
Oct. 7 inter-fab 8"
wafer-moving system at some TI/Acer fabs in Taiwan).

Cheers, Howard
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