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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?


To: jeffbas who wrote (3018)3/23/1998 11:28:00 PM
From: steve olivier  Read Replies (2) | Respond to of 21143
 
I suspect that the stock moved so much and so quickly because it was in strong hands (you could tell from all the bid trades with no further downside). That in my opinion has changed now that these holders have unloaded on those who chase rumors. Unless we get VOD news or unless there is really something going on, the hot money will leave and the stock will fill the gap @ 2 3/8 - 2 1/2. On the way to that level the strong hands will reaccumulate. When the trades keep hitting the bid after a decline and the stock doesn't go lower, that will be the time to buy back in (it might not be as low as 2 1/2). It works the opposite after a rise. When the trades keep hitting the ask and the stock doesn't go higher (like the last two days) those are prints to the unfortunate. Time will tell how long they will be underwater. If the stock breaks 3 1/4 tomorrow on volume, I will have to reevaluate.