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Technology Stocks : Premisys Communication (PRMS) -- Ignore unavailable to you. Want to Upgrade?

To: The ChrisMeister who wrote (1659)	9/30/1998 9:44:00 PM
From: Scott R	Read Replies (1) \| Respond to of 1775

Considering the market was down 250 points & the stock was downgraded by Goldman this stock performed incredibly well. The stock hit 6 3/4 this morning & never looked back. Went to 7 3/8 in the early morning & retraced back to 7 by close. Seemed like most of the orders put in were buy orders & very big ones to boot. I think this stock is poised to take off on a very nice move to the upside & will probably fill the gap from 7 to 11. Also it was the end of the quarter & most of the fund managers got rid of alot of there positions but will probably look to be long in there positions tomorrow. From the looks of the volume this stock is poised to take off in a big way to the upside. The company is still very stable & has 100 million in cash. CEO seems to think the company is in good financial position & wants to buy back up to 4 million shares in the near future. Take advantage of this opportunity because in my opinion weve seen the bottom & will not look back. Good luck & happy investing