Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Stoctrash who wrote (25768)	11/26/1997 4:46:00 PM
From: Ray Dash	Respond to of 50808

Fred, I understand that you are seeing block sells-- that's fine. I think that the volume issue is that although we had a 2.82 mil share day (avr. daily 1.06 mil) this is only slightly larger volume than a 2.5 mil day we had at the end of July--down a point to 25-- before big run up. The big selloff days were 3 in a row at end of May-- 8.5 mil, 5.5 mil, 3.5 mil-- stock dropped from about 25 to 18. We're simply not getting the volume here to see more downside, (IMHO). It's interesting as well that short interest went down considerably while stock dropped. Stock is moving to new hands at this level-- recent sellers will be new buyers when the FUD clears. Tech bloodbath going into Q4--will wonders never cease!? Good luck, Ray