Thread,
Deswell is not an unknown stock.
The various reports are inconsistent showing 6-13 Funds holding Deswell. Most all of them bought at prices above $15.00, many were buying above $20.00. From the volume and resistance we've seen at the various levels, I think we need a report on current fund holdings, one that's accurate and up to date.
In July there were 19 firms making a market in Deswell. From what I understand, Barington may have sold off and may no longer be a MM for Deswell.
TRADING
DSWLF Deswell Industries, Inc.
Nasdaq National Market
Registered Market Makers
July 1998 Year to Date
MAYER & SCHWEITZER, INC....... 847,771
PAINEWEBBER INCORPORATED...... 709,924
TROSTER SINGER CORP........... 501,517
HERZOG, HEINE, GEDU........... 708,250
KNIGHT SECURITIES............. 205,356
NATIONAL FINANCIAL SERV....... 204,845
BARINGTON CAPITAL GROUP....... 403,719
Deswell has averaged a 30% monthly turnover in the float this year.
FWIW,
Ron
|
