LastShadow's Position Trading Message Board

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Strategies & Market Trends : LastShadow's Position Trading

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To: John J H Kim who wrote (11122)	3/23/1999 9:26:00 PM
From: SteveDavis	Read Replies (1) of 43080

SRNA: I just dont think it was HQ selling their shares as opposed to clients shares. Also, purchase was for 100% of allotment which is very bullish. With stock trading so close to issue price ($13) why buy more if they already own some shares? They must have a high level of confidence that the price will move meaningfully higher to invest $12,000,000. It will take some time for them to sell off the 900K so as not to disturb the market and drive price down. I am guardedly optimistic that good news will come out of this conference later this week. Good luck Steve Davis

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