Tut Systems, Inc. (TUTS) Message Board

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Technology Stocks : Tut Systems, Inc. (TUTS)

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To: Ben Wa who wrote (76)	2/2/1999 3:04:00 PM
From: Wayners	Read Replies (1) of 293

<<And, I think the game of underwriters initiating coverage is pretty much played out.>> Not true. There is no coverage yet. Its in a quiet period. No news releases out of the company and no coverage. Coverage won't happen until about 25 days into it. I tried to pin somebody down on better timing but couldn't get it out of anybody. By the way just watching this on Level II. Somebody using INCA first started trying to sell 19,500 all at once. This brought in sellers after it had moved up to $79 and went flat looking for next direction. Couldn't get done so that somebody tried breaking up the shares. INCA is holding this thing down for now until that somebody gets done. That somebody could be a market maker or some institution or a client of a full service broker.

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