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Technology Stocks : THREE FIVE SYSTEM (TFS) - up from here? -- Ignore unavailable to you. Want to Upgrade?

To: k.p. chen who wrote (836)	1/22/1998 6:18:00 PM
From: Noblesse Oblige	Read Replies (1) \| Respond to of 3247

To the "thread," Wow. What a wild day. The stock actually closed down over 8% following an outstanding quarter (above all estimates) and the best conference call since I have been a holder. Perhaps all of "them" weren't listening to the same call that I did. I think that Mr./Ms. Chen is right on the money. Selling today was from "weak holders." Moreover, though late in the day the stock was sitting "comfortably" (for a down 60 market anyway) at 19.25 bid, 19.50 asked (small size on both sides), the specialist "took" into inventory 4800 shares at the low price of the day, 18.625. I have no doubt he will trade out of it higher in the morning, but it only goes to show you how unbalanced he trades the stock. Any other specialist firm would have taken the shares at a price no worse than 19.00. Well, tomorrow is another day of course. I have to admit, today's action "shocked" me. Maybe I am losing my "touch." Have a good evening.