NovaCare Employee Services (NASDAQ:NCES) Message Board

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Non-Tech : NovaCare Employee Services (NASDAQ:NCES)

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To: Dave who wrote (287)	3/9/1999 11:29:00 PM
From: Todd D. Wiener	Read Replies (1) of 376

It would make sense for NOV to sell the stock to several institutions, rather than dumping it on the open market. I have no idea how much they'd sell (all of it to raise close to $175 million), but once it's done, NCES should perform better, since folks won't be afraid of NOV selling shares anymore. I can see how the stock would drop after the report was issued, but why would it have broken out in the first place? And why such high volume? I've always said that the institutions are the dumb money in the market, while we individuals are buying and holding. It's somewhat disconcerting that the stock broke its new support, despite the relatively low volume. Perhaps it will snap back tomorrow. I'm looking forward to reading that report. And why haven't we heard from our strongest supporter, BKB Robbie Stephens? The stock should be worth $13 in a buyout. Todd

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