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Pastimes : Ask Steve

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To: hpeace who wrote (409)12/5/1996 12:37:00 AM
From: Imuah   of 4749
 
Steve, I bought the stock. It moved up from 9 15/16 in the morning. Apparently, some big holder finally unloaded about 400,000 shares after having it on the block for some time. It went in about 4 or 5 blocks and all crossed at 10. As soon as that happened the stock took off. It was at 11 1/8 to 11 1/4 when the legs came out from under the market. Dow went down to minus 70 and XICO retreated to 10 3/4 to 11. After the market started coming back it was, "Katie bar the door", as they say. One of the older threads for XICO asks if it's the next Atmel, since they both make programmable chips. Thought you might be familiar with the company. I will probably hold on to this one given the exceedingly strong move today and the fact that it seems to be undervalued. Hopefully this move will pump some premium into the calls so I can sell when the time looks right. Jack
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