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Technology Stocks : Spectrum Signal Processing (SSPI) -- Ignore unavailable to you. Want to Upgrade?

To: Frank Ferrari who wrote (2737)	7/14/1999 11:29:00 AM
From: Dick Martin	Respond to of 4400

A lot of the trading seemed to be small orders although there may have been a trade of about 60,000. I was just wondering if sspi might have been mentioned on one of those investment newsletters which people subscribe to and it triggered an avalanche of buying? Dick Martin

To: Frank Ferrari who wrote (2737)	7/14/1999 12:22:00 PM
From: Edwin S. Fujinaka	Read Replies (1) \| Respond to of 4400

Hello Frank,...I am grown up. I take it your remark is another one of those gratuitous insults that people here like to post. So you are attributing all of the trading volume and price runup to daytraders if I understand you correctly. If that is the case, what do you expect to happen in the event that the daytraders lose interest and go on to some greener pastures? BTW, the two Canadian Companies that I cited as being the largest Traders in SSPI on the Toronto Exchange could fit into your category of daytraders. IPO Capital Brokerage (761) for instance bought 27,100 shares at an average weighted price of $4.20 Cdn and sold 18,800 shares at an average weighted price of $5.18 Cdn yesterday while the stock closed at $5.25 Cdn. They did manage to accumulate a little (for one day) but no one believes that the small net accumulation contributed to the overall rise. I suppose you have a lot more data on the possible day trading patterns to back up your theory.<G>