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Technology Stocks : Xicor ? -- Ignore unavailable to you. Want to Upgrade?

To: Ram Seetharaman who wrote (2737)	12/21/1999 5:49:00 PM
From: steve olivier	Read Replies (1) \| Respond to of 2920

Ram, I wouldn't say that volume of 435k shares was anemic. You have to remember that the float of this company is only 18 million shares. And I would guess that at least 10% of those shares are held by us old timers that have no intention of selling below $20. As the institutions start liking the story and buying the stock, we are very rapidly going to have a supply / demand imbalance for the shares. What do you think is driving all the internet, B2B, and bandwidth infrastructure stocks to the moon? Fundamentals? Wrong! It is as simple as people wanting to own them and there not being enough shares trading. Econ 101 in action. As this stock continues to get into stronger and stronger hands, I fully expect price moves on volume like today to become commonplace. And guess what happens when XICO announces some major design win, SNDV ups estimates or the company blows out a quarter? We go up 3 to 4 to 5 points in one day on some volume even you would like. You can bookmark this post.