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Non-Tech : sherwood (national discount) (shd) -- Ignore unavailable to you. Want to Upgrade?


To: Sigmund who wrote (30)12/6/1997 7:51:00 PM
From: webpilot  Respond to of 31
 
Sigmund, It looks like a bullish move for the company. Kellog put in over 19 million, why not ride it for a while. Technically it still looks like a move upward. The heavy selling in October by insiders is puzzeling. This deal must have just recently presented itself. Longer term it will probably be a takeover target because the days of the full service brokerages may be numbered to a certain degree. You will probably see telephone soliciters for these houses trying to capture internet customers. The other side will be managed accounts, the days of outrageous commissions are over. There are still major houses without internet services. Eventually they will either buy companies like SHD or become relics, just like other companies that have failed to react to changing times such as ATT. There is a lot of inside activity that occurs in the market that people like you and I are not priviledged to know about. But, they can't hide from good old technical analysis. They are so obvious. It happens all the time, just befor some deal, merger, news announcement, magazine announcement, up or downgrade, etc. They are in there buying, they can't help themselves. Except for the one day of heavy volume, Shd was extremely quite just before their announcement. They were probably trying to nail down the fair value of the stock placement.