PRI Automation up 30% Message Board

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Technology Stocks : PRI Automation up 30%

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To: rick wells who wrote (107)	11/14/1996 9:21:00 AM
From: MRO0054	of 193

Regarding yesterday's volume, someone sold (and bought) approx. 5% of PRIA in one large block trade yesterday. The market makers were surely bypassed on this trade, and the stock price didn't react much until traders had time to notice and contemplate the trade. The obvious speculation is that Intel sold their stake. Whether or not this is true, rumors about Intel selling and why they would sell could make for continued "interesting" trading in PRIA. When I saw the trade my first thought was that Twentieth Century was the seller due to their reputation (perceived by me) of being a momentum player, but the block size did correspond more with Intel's stake than Twentieth Century's. If it is confirmed that the seller was Intel, a buying opportunity may lie ahead. Block swapping by institutions doesn't seem significant to me, but Intel's stake is (was?) viewed as a symbolic endorsement of PRI. I think the market would be "disappointed" to see Intel seemingly retract this endorsement.

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