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Technology Stocks : Catapult Communications Inc (CATT)

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To: MileHigh who wrote (11)4/12/1999 10:08:00 PM
From: George A. Dubrowski  Read Replies (1) of 184
 
The price increase of +5/8 on such low volume is unwarranted imho, Hambrecht is the axe on this stock,Oppenheimer is the other mover in this equity, H&Q have a very ample inventory in this stock...based on their activity on the ask...Oppenheimer kept dropping their bid during todays session, rather curious for an outfit that rates CATT a strong buy..makes me think that they also have an ample inventory of shares.
With a 3 million share float these boys are sure playing cute. Ask yourself why would Hambrecht sit on the ask the entire day with 2000
shares @ 1/16 increments. Hopefully this explanation is sufficient.
regards,
gad
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