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Technology Stocks : Zapata (ZAP)
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To: Ken M who wrote (227)7/17/1998 10:08:00 AM
From: DanZ  Read Replies (3) of 1206
 
Ken,

Many NYSE stocks trade on other exchanges so I don't think this makes the stock a target of manipulation. My explanation for the weird trade: I think a fund placed a large buy order and wasn't getting enough stock so they pulled their bid to let the stock fall, and then started buying again. The money flow has been very positive the past week and no individual that I know has enough $$ to place an order to buy 900,000 shares of a $22 stock. It's dangerous fighting institutions when they want this much of a stock with this low of a float. ZAP is going much MUCH higher, IMO.

Good luck,
Dan
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