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Technology Stocks : Verity (VRTY)
VRTY 2.4000.0%Dec 22 4:00 PM EST

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To: Eric who wrote (198)1/7/1997 9:27:00 AM
From: richard p. martino   of 1011
 
No news that I am aware of to account for the run up. I think there was a major consolidation of the stock over the past two weeks. It is now breaking out and continuing where it left off. I agree with Eric that there was major tax loss selling accounting for the big Dec drop. If tech analysis is correct with predicting this move, the consolidation of this stock happened about halfway to where it is going. I think that means somewhere between $25 - $30 over the next several weeks. Sorry, Eric, but I think you'll be called out.

regards, rpm
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