No problems with fundamentals or product, may see some near-term
price erosion IMO. Total trades over last 10 days at 10 million
shares, subtract the average daily volume 500K x 10 = 5 million,
divide that in half (Naz counts buys & sells) and you've got 2.5
million is additional shares traded to account for the selloff.
DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
5/01/98 23 1/4 23 7/16 23 3/4 22 1/2 695,000
4/30/98 23 15/16 25 1/2 25 5/8 22 7/8 1,475,500
4/29/98 24 15/16 25 3/4 25 3/4 24 1/2 708,100
4/28/98 25 1/4 27 7/8 27 7/8 25 991,000
4/27/98 26 3/4 26 27 1/4 24 3/4 774,900
4/24/98 26 3/8 26 1/4 26 7/16 24 3/8 1,056,400
4/23/98 25 7/8 28 1/8 28 5/8 24 1/16 2,258,000
4/22/98 26 1/2 31 1/4 31 1/2 26 1/2 1,732,000
4/21/98 31 3/8 34 34 30 1/2 524,200
4/20/98 33 33 11/16 34 9/16 32 3/4 1,717,800
----------------------------------------------------------------------
Possible uptick tomorrow from positive shareholder meeting and
developer conference, likely sideways til the rest of the
unrestricted shares absorbed. Note price drops on high
volume\days. Me ? Continuing to accumulate out of the money Sep and
Dec calls ! (I'll go for the shorter-term stuff when the trend
reverses.) |
