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To: Mighty_Mezz who wrote (13943)4/2/1998 10:21:00 AM
From: Raj Ramaswamy  Read Replies (3) | Respond to of 31646
 
Well, the short term rally has died, IMHO... Pending any news (NMS etc), this won't go higher.

Karl's observation of 40% pull back after every "high's", IMHO, killed the rally. He is a very respected guy and buyers are waiting to get in below 12.50.

Secondly I hear rumours of "secondary offering" , I repeat, only RUMOURS....for financing increased recruitments of engineers etc.
I don't know how far this is true, but I would think, Mr. Jenkins would make sure the stock is at much higher level (17-20 range) before he does anything in those lines.

Raj



To: Mighty_Mezz who wrote (13943)4/2/1998 10:33:00 AM
From: Kevin  Read Replies (1) | Respond to of 31646
 
Why do so many posters on SI think that MMs are so manipulative? I will admit that MMs do "play" with the bid and ask prices at times, but not nearly as frequently as many SI posters seem to think. You are mislead if you think all they do is manipulate stock.


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