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Technology Stocks : Sipex (SIPX)

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To: John Ritter who wrote (31)2/23/1999 10:03:00 PM
From: Dave Twibell  Read Replies (1) of 96
 
Today's trading action -- over the past two days, ADAM and VOLP were the primary sellers, as well as someone clearing a large position through INCA. ADAM, INCA, and to a lesser extent VOLP and USCT were all on the bid today, with ADAM holding the line several times in the face of strong selling. These mm's may be simply covering short positions, or perhaps there is some institutional buying going on, hard to tell at this point. Stock looked very strong during the late afternoon though. I would guess a gap in the morning, after that hard to tell, but a sell-off would not be unusual given the move up today. Volume will be the key.

Dave
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