Anadigics(ANAD) - Is anyone following this Company? Message Board

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Technology Stocks : Anadigics(ANAD) - Is anyone following this Company?

ANAD 0.849

0.0%

Mar 16 5:00 PM EST

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To: Nevin S. who wrote (437)	7/1/1998 12:36:00 PM
From: Sonny	Read Replies (1) of 1079

Yes, thats certainly possible, Nevin. Did you observe something interesting about the way the volume of ANAD moves ... just look at this morning ... looks like not many want to sell it at @ 13.50, <== volume merely 34K. But when it was an up day yesterday, we were doing 200K+ by this noon time. That means one thing and only one thing to me at this point: someone want to gather it big time ... but want to keep the buy-price low for maximum profit, so s/he would let the early-morning-dumpers finish their act before moving in with the buy order later ... then it holds and digests this price for a couple of days ... and when the buyer thinks that s/he can't get it at any lower price any longer, the buy price is updated ... and the climb continues. Very bullish imho. (I'm surprised somehow at the folks who would like to let this issue go from their hands at such a value ... they must not be looking at recent price-action chart! ... shows every reason to hold and wait for 18 ... 22 before reducing their holdings, if at all!) regards to all, -/Sonny.

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