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Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: Labrador who wrote (1379)	11/17/1999 12:27:00 AM
From: JBruin	Respond to of 2702

lab, "retail investors may be selling out to a fund ..." Overall you may be right, however the market maker NTBC has over the last 3 months represented some clients with some "size" to sell. Whenever VARL was stuck in the 9 or 10 range it was usually due to NTBC offering 20,000 to 50,000 shares for sale. Today I personally saw them handle one 20,000 share sale at 14 1/8 (NTBC really sold it at 14 1/4 but they have to make a living) & another 15,000 share sale (I forgot where). Sherwood has been buying up some stock lately, not sure if this is just position related or work for a client (fund). Anyway once NTBC (some insider or fund or investor) is finished selling their blocks we will move higher.