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Technology Stocks : Macromedia...making a comeback? -- Ignore unavailable to you. Want to Upgrade?

To: alex who wrote (2064)	2/4/1998 7:34:00 AM
From: Tom M	Read Replies (1) \| Respond to of 2675

Alex/all, take a look at a 5 day chart & the timing of that upgrade. It could be coincidence, but there was a huge sudden volume of buying at about 8 3/8 about one trading day before the upgrade & earnings. The stock started to sell off right from earnings. Yesterday there were a couple large blocks selling bringing it back to about 8 3/8. Again, it could be coincidence, but it seems like the buyers that brought it up, left again after the upgrade failed to break the stock out. I'll wait for a drop closer to book value, or I'll miss this one. good luck, Tom