Edify (EDFY) IPO -- Any Comments? Message Board

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Technology Stocks : Edify (EDFY) IPO -- Any Comments?

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To: David A. Stern who wrote (12)	12/3/1996 9:00:00 AM
From: Matthew Scott Davis	of 355

David, I am not sure what exactly has happened to increase the stock over 10% in one day. I think I may have an idea as to what helped some though. I heard that the Edify employees, those without restricted stock, had their first trading window close last Friday. Many of these employee shareholders had a basis in this stock averaging $2.50. When their first trading window opened, these owners sold! I believe that helped to bring the price down from around the low 20s. Having this window close last Friday(supply cut down greatly) and the positive news released Monday(increased demand) we experienced Economics 101 firsthand (Supply v. Demand). I personally bought Monday morning and am as happy as I can be so far. I hope to see the buying demand continue to exceed the selling desires.

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