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To: kolo55 who wrote (22)2/5/1998 2:43:00 AM
From: Kerry Lee  Respond to of 69
 
Paul, thanks for the heads-up on Montgomery's estimates and 12 month price target. Does anyone know WHY the stock is finally getting some buying interest again? I don't have a Level 2 screen, but if anyone reading this thread does, please feel free to share WHO is behind the recent move. Monty? AB? Are the rumors of new contracts driving this move, momentum funds getting in , another good quarter ,more analyst coverage on the way or all of the above??



To: kolo55 who wrote (22)2/6/1998 1:49:00 AM
From: Kerry Lee  Read Replies (2) | Respond to of 69
 
The volume and price action of the past 3 days including today looks suspiciously like some good rumors moved the stock and it was being accumulated by Smart Money. Smart Money didn't want to pay more than 10 bucks, so the MM's shook some stock out of some weak hands today to set the table for some more bargain hunting before good news comes out soon. The reverse thesis is that there was actually serious distribution happening and some people got sucked into the 2 day rally on Tues/Wed so the Smart Money could get out....

Lacking information, I put an order in 5 minutes before the close for a couple pounds just to test the weak hand shake out theory. I didn't fill on my bid at 8 3/8. Looks like someone is trying to shake some stock loose via the head fake..Reminds me of the early weeks after the Netspeak ( NSPK) IPO where the stock languished in the 7-8 range for 6 weeks before running to 12-14 and then making another run to mid-20's.