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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: James Clarke who wrote (4378)	7/7/1998 12:22:00 PM
From: Rock	Read Replies (2) \| Respond to of 78744

James, Congrats on PSO but I have a question. From eyeballing a volume chart on PSO, the total volume since mid-June (approximate time of the nice earning surprise, yes?) seems to be about 50K-60K shares. I could be off there but that's my guess. Figuring that the average traded price since mid-June could be about $7/shr, that's a whopping $350K-$420K thrown about in this stock. The resulting move was about $2/shr, increasing market cap by a little less than 3million. Question is, with this very small amount of cash involved, isn't it completely feasible that readers of this board are a large part of PSO's support? BTW, I really appreciate your detailed posts and do not mean to imply any price manipulation on your part. You have been more than clear in advising the PSO shares be purchased with limit orders and not at market. If my volume estimate is off, I gladly stand corrected. Respectfully, hbm