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Technology Stocks : Verity (VRTY)
VRTY 2.4000.0%Dec 22 4:00 PM EST
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To: Shashikant P Bhandari who wrote (212)1/17/1997 11:56:00 PM
From: Fuzzy Gillette   of 1011
 
This is normal behaviour. Like any stock, news that it is going to spend money to buy someone else, means cash out of the next quarters earnigns. Also, stochastics showed that Courtot timed his announcement perfectly, when the 10 and 12 day stochastic showed the stock had been overbought. Liek the body's biorythum, give it 4-5 trading days to resurface in the 17 - 19 $ range, unless Courtot has gone out and spent more money on something else.
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