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Technology Stocks : TECD - Tech Data

TECD 144.90

0.0%

Jun 30 5:00 PM EST

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To: Herman J. Matos who wrote (29)	12/20/1996 5:13:00 PM
From: Herman J. Matos	of 584

As a follow up to my comments yesterday on TECD. It was a textbook rebound play on TECD today. I watched the opening today and there was a good 10 minutes window of opportunity with only 20,100 shares traded with no change in the price. Then, a 100k+ block came along and bumped it up to +1 up and then another 100k block to +1 7/8 level. Then the masses started to move in and the stock rolled back to 1 1/4 on some early profit taking. Overall, 2,385,300 shares traded today on TECD. Normal shares traded average around 485k. TECD should be good for another 2 points before any sign of pullback and should go back up past the $32.00 price range. I'm holding onto mine shares and will milk it some more with some covered calls starting around the $32.00 price range. The January effect should notice this stock. Earnings are right in line with the price range.

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