Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : PC Connection, Inc. (PCCC) -- Ignore unavailable to you. Want to Upgrade?

To: Doug Fowler who wrote (34)	12/16/1998 3:24:00 AM
From: DD™	Respond to of 180

Worden's BOP has flashed red the past 2 days, indicating underlying selling of this stock. I wonder what gives here? DD

To: Doug Fowler who wrote (34)	12/16/1998 7:51:00 AM
From: Mike Ankley	Read Replies (2) \| Respond to of 180

Doug - I talked with Tracy Turner (V.P. - IR relations) at PCCC yesterday. I asked her specifically whether any insiders were selling ... answer was NO! She also volunteered that she would like to be buying at these levels, but due to the end of qtr status, insiders are currently in a timeframe window where they are prohibited by SEC from buying. (I don't know whether the same SEC timeframe rule holds for selling ... maybe someone else knows). Her answer falls in line with the general consensus that online retailers are having a booming 4th qtr. Talk to a PCCC sales rep and they should confirm that they also are swamped with orders. That also is consistent with Compaq's PCCC marketing partner) report that they are having record sales: biz.yahoo.com Tracy also confirmed that PCCC is in line to meet their numbers for the 4th qtr, which is currently in the range of .26-.33 (avg .30). I also asked Tracy whether the supply problems that plagued PCCC last quarter were resurfacing. She said a definite NO! Those problems had been targeted, anticipated and worked out for this quarter. In a bit, we will be able to confirm online whether there have been any filings for insider sales. But for now, the last info we have to go on is that when PCCC was last in this range 1 1/2 months ago, all PCCC insiders were buying and buying: tscn.com My take on this - PCCC has an extremely low float (3 million). It takes very little volume to move the price up or down. My reasons accounting for drop - 1. PCCC investors are a bit nervous after the last drop. 2. End of year profit locking in or tax writeoff time (depending on where one bought in. 3. General nervousness about overall market 4. As stock drops, some people are 'forced' to sell that may not otherwise due to margin maintenance or just general loss protection. 5. Self fulfilling prophecy ... stock was acting 'weak' at 16-17. Some people thought it was going to fall. A few sold ... a few more got nervous and sold ... more got nervous and sold and eventually we are where we are at. As quickly as this price dropped, it rises just as fast. It always has in the past. And it will again, assuming PCCC is sharing in the booming 4th qtr online market and all indications are that they are! Assuming PCCC is having a great quarter this price will go up somewhere between now and Feb 4th (announced filing date on pcconnection.com). One can sit wait, or hop on this tightly coiled spring before it releases back up ... when the blood is in the street ... thats the time to be buying. Cheers Mike