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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: John Crovelli who wrote (3278)	12/8/1998 10:39:00 AM
From: James Strauss	Read Replies (2) \| Respond to of 13094

PENC... John: The sale of its technology division to concentrate on its core business may have been anticipated in the previous day's price jump... But, since PENC hasn't opened for trading yet, there must be an imbalance in orders... The trick is knowing if they're on the Buy or Sell side... iqc.com The argument for higher prices says yesterday's jump mught be indicitave of what will happen when PENC opens... Under that scenario it should probably open around 3.00 or more... If the sale of its technology division is viewed as a negative in a technology era, the price could dip back towards 1.00... At the moment, the 3.00 scenario seems more likely based on yesterday's price action... Jim