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Technology Stocks : Prophet 21 (PXXI) - Way Undervalued! -- Ignore unavailable to you. Want to Upgrade?

To: Katz R Us who wrote (145)	10/30/1999 3:23:00 AM
From: Dale Stempson	Read Replies (1) \| Respond to of 165

Barbara, I haven't seen any news either. I'm perplexed as to why the stock has popped up so much this week. When the 1st quarter earnings disaster was linked to Y2K issues, I was concerned that Q2 would bring plenty more of the same. I figured we'd be running more or less flatline until January. Now this week, we've closed the gap and are knocking on the door to double digits. I think it's interesting to look back at the price movement of PXXI. When they announced their great Q4 earnings, the stock seemed to react slowly to the news. It moved from the eights to the nines on the release date, but then stayed in the nines for about 3 weeks before finally trending up to a high above 13. I thought it should have reached double digits the first day. After passing 13, it slid right back down to the nines in relatively short order. I thought profit taking was a likely cause, but looking back I have to wonder if word about the quarter was leaking out. When the warning was announced, we gapped down, bounced off the low, and returned to an understandable level in the sevens. This is where I thought we would be staying for awhile. Now, in one week, we've moved up 46% from $6-3/4 to $9-7/8! My first reaction is to sell it all and buy back my shares when we return to the sevens. But why the run-up? Is positive news leaking out? Are the MMs at work here? Maybe our old friend TokyoJoe is setting up for another run. After all, with such a small float, PXXI could be an easy target. Perhaps someone is simply taking advantage of the depressed levels to initiate a significant long-term position. Who knows? So, what do you think? Comments? Regards - Dale