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Technology Stocks : Logic Devices
LOGC 7.900+0.6%Jan 9 9:30 AM EST
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To: BULL who wrote (101)5/18/1996 12:25:00 AM
From: Gary Burton   of 141
 
I bought back in a couple of days ago---I think Fri was the low--stock was 4.75 bid for much of the day but went 5-1/8 until someone knocked bid out--then went 4.93 bid 5 1/8 ask until 3.50 when ask lowered to 5 even but bid stayed at 4.93! only 6c spread--most often when ask drops that close the bid drops off just before it--this time no. I also talked to CEO this pm--he said they are profitable on their sram part --June qtr will be flat with Mar qtr---many other sram cos will have sequentially down June qtrs--LOGC only 35% in sram--very conservative sounding fellow---controlling shdr still selling due to going bankrupt and trustee gradually selling LOGC shs into the market--other trust not selling anything. --I think we will reteat 6.63 soon
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