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To: J.M. Grindle who wrote (103)6/19/1998 4:46:00 PM
From: Zeev Hed  Respond to of 156
 
It got clipped hard at the end on quite low volume. The MM must have had to short some stock to respond to the coming bids, and once those abated a little he lowered those bids to cover his position. The question is, what is new? Why do suddenly have some interest in this stock while we had none just at the beginning of the week. Anyone knows something?

Zeev



To: J.M. Grindle who wrote (103)6/19/1998 5:34:00 PM
From: dealmakr   Read Replies (1) | Respond to of 156
 
JM,

Nice volume this week. Someone came in for a sizable piece. Haven't heard anything that would make anyone sit up and take notice, but maybe someone else sees the undervaluation here. If this was back in the 80's when a lot of companies were taken out for their undervaluations and their own assets were used to pay for them it would be a classic case. This is just my thoughts only.

Dave

PS: Zeev

Went to a tick better than 3/4 and sold off on little sells. Another couple of days like this and your target may be hit. You got to figure that the MM's are short here and got caught a little.