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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE!
RACE 419.52-0.7%Nov 12 3:59 PM EST

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To: drakes353 who wrote (29213)7/25/1998 3:15:00 PM
From: Scott Bergquist  Read Replies (1) of 33268
 
FUNDAMENTAL Reason??
Fundamentals have nothing to do with the recent activity. And if you can answer the following one, you'll have the answer to your own question:

In December 1995 RACE jumped up from 4+ to 5+ on some innocuous news. It remained in a trading range around 3-4-5 until May 1996, when it began an advance to $24 by Nov/Dec...WITH NO NEWS WHATEVER to support this...no earnings increases, maybe a lawsuit dropped, but no fundamental business news. Not a THING on the news wires, month after month.
I was out in May 96 and did not get back in until this "sub $1" trading occurred on heavy volume. From Dec 1996 it has marched irretrievably backwards...so WHY was it -ever- at $24???....

"recent talks with" mentioned in the press release. That is the reason for the recent activity
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