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Technology Stocks : EXABYTE
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To: Jim Goodman who wrote (165)8/12/1998 5:04:00 PM
From: Arnold Layne  Read Replies (1) of 218
 
Accumulation??? Jim, I get the distinct feeling that this stock is being quietly accumulated, notice how it trades solidly on the big down days and very thinly on the up days? I notice little games at the open and close to try to keep the stock looking weak, like low asks prior to the open, that pop back up a little later. It behave that way this morning, and mysteriously fell back to $6.375 to $6.4375 two or three minutes before the close. You know run a hundred or a thousand at the low end to manage the perception. I think somebody is lurking out there, who does not want to show their hand. I expect that within 6-18 months things will look very different. Just look at what the $0.09 did for the March quarter! Arnold
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