Phoenix Technologies (PTEC) Message Board

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Technology Stocks : Phoenix Technologies (PTEC)

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To: Fred Fahmy who wrote (2856)	10/24/1998 2:52:00 PM
From: Theo Karantsalis	Read Replies (2) of 3624

Fred wrote: "If the CEO and CFO think the stock is such a bargain, how come PTEC is letting their cash hoard sit idle while the stock languishes?" You got it! Even Michael Dell and Bernie Marcus have announced personal buybacks at questionably "high" prices. Is there that much "risk and uncertainty" at $7.00? Arguably, this is one of the more bearish indicators. One interesting note in Monday, October 26, 1998's IBD is that the accumulation distribution rank is now a "B." Just weeks ago, it was an "E." This means basically that large institutions are selling- on average- more than they are buying. Jules, is there a way to find out who's buying? A "B" is better than an "E," and always better than an "F." ;) Theo

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