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Technology Stocks : Verity (VRTY)
VRTY 2.4000.0%Dec 22 4:00 PM EST

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To: Bryan H who wrote (275)2/26/1997 8:40:00 PM
From: Kumar Nathan   of 1011
 
Larry & Bryan: I am interested to know your thought process. We all buy any stock based on some analysis and expectations.

As listed in my previous postings in this thread, my analysis tells me that it need to go down to $7 range.

$20 range is it your wishful thinking with a PE of 100+ ? or am I missing something. Please educate all of us.

The thing that concerns me is that when you look at 10 call options expiring March '97 , you see only 50 or 70 open interest. It tells me that people are vey skeptical on this stock, just like me. Put to call open interest is also not much . At 12 1/2 put there are bearish. Furthermore volume is also very negligible. It is not a typical thing on bullish outlook stock and that too the earnings are due shortly.

Any thoughts...


Regards

Kumar.
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