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Technology Stocks : Power-One (PWER) -- Ignore unavailable to you. Want to Upgrade?


To: UnBelievable who wrote (244)10/23/2000 12:34:13 AM
From: Walkingshadow  Read Replies (1) | Respond to of 285
 
UnBelievable,

Thanks for the post. It would seem clear now that the institutional buying secondary to the addition is all but over, since the average daily volume for PWER is about 2.5 million, and Friday a total of about 22 million shares in excess of that average traded (regular session plus afterhours). This will more than account for the institutional buying pressure of the estimated 6.1 million shares. That brings with it the distinct possibility of profit taking tomorrow....... with earnings coming on Tuesday morning.

Thanks,

Walkingshadow