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To: Carmine Cammarosano who wrote (151)5/13/1998 10:31:00 AM
From: Robert Mayo  Respond to of 197
 
re: high volume

Opening salvo of the secondary most likely.

Bob



To: Carmine Cammarosano who wrote (151)5/13/1998 12:06:00 PM
From: Creighton C. Smith  Read Replies (2) | Respond to of 197
 
>>Have you looked at the volume today?

No, been busy with RL. Thanks for pointing it out.

Hmmm, well, Dow Jones reported at 10:10AM (story #2281, my feed is password protected or I would give you a link) a block trade of 1,300,000 shares, but that plus normal daily volume of ~280,000 shs don't account for all of it. Probably just the first of the shares from the Secondary hitting the street. I don't think its anything to worry about, stock has traded in a $0.25 range all day today (or so my quote server says), and at right about the offering price. Now, if we were dropping on volume of 3,000,000+ shares I'd be concerned, but as it is...

Regards,

Creighton