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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: John McGregor who wrote (27980)	2/20/1998 10:50:00 AM
From: Marshall	Respond to of 33268

Well John, popular opinion is that this activity was not related to short covering - if anything it's thought they may have actually been trying to slow it down. Since firms aren't required to make trades under their own identities you can bet they wouldn't be advertising their activities so it's often a hard call - especially when a high volume goes through the "no name visibility required" direct systems instead of the MM board. Chances are there is still a high amount of "unreported short shares" being held by the various MMs themselves and there's no telling what these guys were doing either. It is seriously thought a great portion of yesterday's activity was actual accumulation.

To: John McGregor who wrote (27980)	2/20/1998 10:53:00 AM
From: Bill Fischofer	Respond to of 33268

A little TA This morning's pullback is not unexpected in the wake of yesterday's jump. The key to watch is yesterday's low of 2 3/4. If this move is "for real" RACE should not break below it. Day's low so far is 2 15/16. I also notice that the block buying (10,000 or more shares) seems to be on the ask side. If I had to hazard a guess, I'd say yesterday's volume spike was the hedgers starting to unwind their positions.