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Technology Stocks : PRMO - Premenos
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To: Trey McAtee who wrote (105)3/7/1997 5:57:00 PM
From: Michael Burry   of 240
 
Trey,

I searched hi and lo but couldn't find any news either. PRMO's
chart is looking very bad (new closing low), especially if you chart earnings underneath it. The bright spot is this is low volume and
the intraday chart reveals no institutional-level selling. All
the lots are 1-3 grand. Still, with only a few bucks in cash, it
appears to be moving to reflect the new value of the business --
it looks like about 4.5 bucks above the cash holdings.

Mike
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