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Technology Stocks : Equinox Systems (EQNX)
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To: Ron B who wrote (552)6/24/1998 3:04:00 PM
From: Dragon  Read Replies (1) of 765
 
They may be waiting for the smoke to clear. They are hopefully obtaining guidance from their investment bankers as to the best time to potentially buy back shares. They probably want to see several days of stability; it would not be great PR to buy too soon and then see the stock get hit because the original selling hasn't been exhausted.

Plus, everyone is expecting them to buy in anyway. Which means the positive effects of the buying would be somewhat muted. So maybe they figure they'd get more bang for the buck by tieing in buys with some sort of corporate announcement of new biz, or something else positive, shortly.

They've been stung (right or wrongly- almost certainly wrongly) by speculation that they drove the price down originally, or at least stood aside and let it drop to a deeply depressed level where it became a screaming buy. Now, to jump right back in on the buy side may seem just a bit too predatory, or even suspicious.

Finally, and NO OFFENSE to engineers, this would not be the first company which is strong on science and weak on sophisticated financial maneuvering. We need look no further than to the events of the past week for verification of how badly this whole thing got out of hand. So, again, hopefully they are listening very closely to their investment bankers for rational counsel..
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