Elamex(ELAMF) Message Board

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Technology Stocks : Elamex(ELAMF)

ELAMF 2.550

0.0%

Oct 31 9:30 AM EST

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To: Ron Bower who wrote (238)	11/29/1998 2:13:00 AM
From: kolo55	Read Replies (2) of 276

I believe GE is buying additional shares on the open market. The warrants have significant time value; so its unlikely that GE would exercise at this time, especially with the stock so far below the exercise price. I wonder about the 600,000+ share block this week though. I think its highly likely that GE was on one side of this trade (hopefully the buy side). I am mystified what is motivating the seller. I can only think of tax motivated selling pressure. Perhaps its margin related, what with the stock below 5 over the last ten days. Hopefully with this block gone, the overhang pushing this stock down is gone. Paul

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