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Technology Stocks : Barringer technology (barr) -- Ignore unavailable to you. Want to Upgrade?

To: Robert G Allen who wrote (472)	2/17/1998 7:42:00 PM
From: Sparky Beardslee	Respond to of 652

Robert: The mm's took this one down early...right at the open. They kept it down and now I know why. 4 large blocks, all under 3/8 or better. 14K being the largest. They are only obligated to report trades every 20 min. So, they report small trades while taking in large ones we don't get to see until later. Now, they will want to take it back up to $14.50 where they will sell and go short, and the cycle starts all over again. They can get away with it as long as small investors sell into this crap. I can't wait to get out of this stock. Earnings will be out on the Thurs., and hopefully vol. will be enough to get me out. Too bad,,nice co. Sparky

To: Robert G Allen who wrote (472)	2/17/1998 8:08:00 PM
From: Sparky Beardslee	Read Replies (1) \| Respond to of 652

How about this! The market is about to open this am much higher. The futures are up .6 indicating a +50 pts. open. So what does the mm on BARR do? They lower the bid from 13 1/2 to 13 3/8. Then lowers it again before the open to 1/4. All this to scare in sellers right at the open. They do NOT get any takers, so THEY sell 200 shs at 13 1/4. This does bring in sellers because at this time the market is up 65 pts., the OTC gapped up 11 pts. But BARR is now down 3/8. This brings in more sellers. They only show small trades, giving the impression that vol. is light and no one wants to buy. This brings in more elling. What we do not know, is, they are putting together large blocks from investors who are selling. Near the close they post four large blocks, all at or under 13 3/8. They can do this by keeping the stock lower all day. It is a crying shame. Traders are ruining this stock to the point that legitimate investors stay away. This stock has traded over 30 mill. shares since last August. They only have 3 mill tradable shares, so you tell me who is in control. I don't care how positive the news is that is coming from BARR, it doesn't matter, the price will remain the same while the pe moves lower. I invision a PE of 5 in two years with a price of $13. Sparky The good news, is they are going to push the stock up tomorrow, that completes the cycle. The question is, will they be successful in keeping the stock below $14.625 during earnings release?