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To: ralph keating who wrote (4070)6/17/1998 12:46:00 PM
From: Chip Anderson  Respond to of 16960
 
More "2121" news:

"For those who say they don't sweat a $1 drop in this stock, this has been a $15 drop firstly, and secondly on a day when the market is going to end up 300 points (?) this stock, with record revenue and earnings growth, is down on big volume. I think there is indeed something more wrong, although for the life of me I don't know what it is.

For those interested the seller is coming out of Montgomery. This reminds me of the days when some mm's had seemingly limitless supplies of this stock on the way down. MONT isn't done I'm afraid to say, and the bids are small volume."

Chip



To: ralph keating who wrote (4070)6/17/1998 12:51:00 PM
From: Chip Anderson  Read Replies (1) | Respond to of 16960
 
Just took out support at 18 - some big institution must have pushed the sell button big time. I can't comprehend why. The stock is being added to the Russell. Big product announcement next week. Great earnings next month. Market is going up. Grrr...

Is the small float a factor here?
Chip