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Technology Stocks : Avid Technology
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To: A. Fineigler who wrote (552)9/18/1998 4:14:00 PM
From: BMcV  Read Replies (1) of 777
 
Maybe, maybe not. We may see a better, around 15. I bought yesterday at 23, then half an hour later at 21. Yesterday's drop was on heavy volume, which may simply have been chartreaders selling as the price fell under its 52-week low, or there may be something going on. One thought is that with new products coming out this fall, orders are getting deferred, and the current quarter will come up short. Pure speculation. Still, there have been six straight quarters exceeding expectations and they may have pumped up margins as far as they can.

Certainly get used to a lot of action holding AVID going into earnings.

Bruce
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