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Technology Stocks : Red Brick Systems -- Ignore unavailable to you. Want to Upgrade?

To: John Ritter who wrote (156)	2/2/1998 6:42:00 PM
From: Observer	Read Replies (1) \| Respond to of 304

Another lousy day. Down 1/2 on vol. 540k shares. Some funds liquidated, parhaps as much as 250k shares (Nasdaq lists buy and sell as separate trades, so the actual shares that changed hands is one half the reported volume). Interesting thing: who the heck bought the shares? It can't be Joe Public - too many shares. At an average of 2,500 shares/person, it would take 100 people to absorb that much stock. So, somebody was buying too. Still, it is negative that the stock ended the day at the low. REDB is now trading at less than 2x book value, and at about 1x annual sales. It's cheap by most software industry standards, and the fact that fund managers are not impressed is, I think, reflects poorly on the company. Question is how much lower can it go? Is it bottoming here?