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Technology Stocks : Premisys Communication (PRMS)
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To: Scott R who wrote (1660)10/1/1998 1:16:00 AM
From: The ChrisMeister  Read Replies (1) of 1775
 
Yes, volume today was awesome -- there was plenty of cash around to soak up all the shares being flushed out of portfolios. I agree w/you that end-of-the-quarter action was primarily responsible.

I watched the open this AM, and we weren't below 7 for more that 15 or 20 minutes. It seemed as soon as it became clear that it was going to be a down day the money started flowing into PRMS. As the rest of the market went lower, we held 7 3/16 most of the day.

Have any idea how the Nortel news affects PRMS, if at all?

ChrisMeister
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