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Technology Stocks : PUMA Technology

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To: Ricstar who wrote (435)	12/2/1998 11:58:00 AM
From: Ed Frye	Read Replies (2) of 851

More than 250,000 share traded on the buy side this am in one one minute interval to cause the price spike to $5 (from 2.75) - since then, investors, still underwater from the old days, have been selling, bidding the price back to just under $4. New money coming in - old money going out. My guess is this new (read smart) money is a follow-up to the large block purchases we saw a few weeks ago that took us up to 4.5 for several days. This money did not leave after the earnings report and is flowing with renewed vigor this am. Something BIG indeed must be coming our way. A buyout? Wouldn't surprise me. Brad Lowe would be an asset for any company and he seems to have the contacts with many industry big-whigs. As to the old money leaving (resistance). All sell limit orders up to ~5 have been cleared out. Huge selling volume has slowed to a trickle. Trip back to 5 should be an easy one. After that it will depend on how BIG the news is. It feels gooood! ed

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