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Technology Stocks : Chips and Technology.
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To: Tom M who wrote (236)3/4/1997 7:50:00 PM
From: William Partmann   of 247
 
Tom I didn't say "one large shareholder" must be selling, I said a large shareholder must be selling. I do not know who is selling, I do know that large holders generally do not sell large blocks in stocks with small floats. They spread the sale over weeks and months unless panic sets in. The reason is the diasterous effect a large block would have on the price of the stock. In answer to your question about the new customer, it is Gateway. Finally, I am not selling. I can understand investors with a sell formula may sell at an arbitrary percent of loss. However, I am generally a long term investor. I see comparatively little downside in stock. The PE is around seven. Next years tax problem and lower earnings must be in the number already. That leaves only positive earning surprises to move this stock.
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