S3 (Multimedia semi's place 2be) Message Board

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Technology Stocks : S3 (Multimedia semi's place 2be)

SIII 0.0001000

0.0%

May 12 5:00 PM EST

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To: stockroach who wrote (7624)	1/29/1997 5:42:00 PM
From: mark doubiago	of 9477

We had another interesting chart today. Maybe you can read something into it and maybe get a reason why we closed down. We started around 17 and went up a little at first. Then we went down under some selling pressure to 16 1/2. At this point someone comes in and buys 440K shares for around 16 5/8. The stock starts going back up but after a short period of time starts sliding back down. It hits 16 1/4 and some one comes in and snaps up another 250K around 16 3/8. Day over. I am not going to state that someone manipulated the market down to buy cheap. It could just have been that someone was being opportunistic and jumped in at the dips for some big buys. I find it interesting though, that 2 days in a row now someone has scooped up over 440K shares at a bite. It also looks to me that the stock is thrashing around a lot less. There seems to be a lot less trading going on. Does this mean that we are reaching a point where most of the people left are holding and that most of the small sellers have been shaken out? I have heard others say that this happens some times before a stock starts to move back up. Does anyone have an opinion on our current state?

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