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To: dougle who wrote (2385)4/24/1998 7:45:00 AM
From: Len White  Read Replies (2) | Respond to of 3115
 
Thanks dougle. I'm glad your answer is based on experience. I hope you don't mind if I pick your brains a little more.

H&Q bought a lot of stock at 15 5/8 and they must have felt that this was the best price to accumulate what was needed.

Why that price and not lower? Would they have been concerned that a rally may start if the price drops, or is there another explanation?