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Technology Stocks : Formulab Neuronetics Corp.(FNCLY)-Anyone following this CO
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To: Peter N Burrows who wrote (187)7/30/1998 8:22:00 PM
From: VictorL  Read Replies (1) of 210
 
Around July 20 there was a surge in the price in both the Australian and U.S. markets. The Australian price went as high AUD0.056 - pretty low but about double what it had been and volumes were way up. The U.S. market followed but in-line with the recent trend the ADR's seem to be selling at a discount.

So why? Well I guess I don't go for the technical correction theory and I don't think the recent press release actually counts for news. It seems like both markets responded to a couple of large orders, it looked like one order for about 125,000 ADR's at USD0.75 did the job in the U.S. Where did these orders come from? My first guess (hope) is that someone involved with one of the OEM's that are evaluating the VM thing has figured that its a good buy.
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