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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?

To: Christiaan McDonald who wrote (9826)	6/23/1999 11:43:00 AM
From: steve olivier	Read Replies (3) \| Respond to of 21142

You guys make too much of the benefits of level 2. It is just another tool to use and it can give you a feel for what is happening. For example if only one mm is one the bid and you keep seeing bid trades without him moving, you can assume he is taking stock. Using level 2 without time & sales and 5 minute charts is worthless. It is also nice to see what the big boys are doing. For example SNDV and JEFF were both on the bid underneath at 6 1/8 this am. As the bid went to 6 1/8 the real acid test was whether they were going to stay there. They didn't and the stock dived. Serious damage has been done here. Without a news event I see the stock working its way lower over the next week. We should at least get a retest of the 5 1/2 low today. I am not ready to buy duck food just yet.