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Technology Stocks : Phoenix Technologies (PTEC)

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To: greenspirit who wrote (393)1/27/1997 7:55:00 PM
From: Tim Oliver   of 3624
 
Michael, you got in on a huge volume day...20,000 shares traded...
one of the two market makers must have called in sick. I notice
that one guy got bored and sold 7000 shares dropping the bid
to 15 5/8. Only a couple of 1000 share trades seemed to go at
that price though. (Do you like this play-by-play commentary?)

I've been told to expect some financial publication coverage and
some additional analyst coverage any time now. I noticed in IBD
that PTEC's short position went down about 20% to less than
an average day's volume. That means we probably shouldn't
expect a huge short-covering rally, but at least no big players
seem to think the stock is way overvalued either.

Good luck Michael and all on your PTEC investments!
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