SI
SI
discoversearch

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 : Phoenix Technologies (PTEC) -- Ignore unavailable to you. Want to Upgrade?


To: John B. Dillon who wrote (2983)12/28/1998 5:02:00 PM
From: Marc Phelan  Respond to of 3624
 
John,

Does anyone know what caused the heavy volume today?

I suspect that we had significant tax selling today with willing and able buyers picking up the stock that was offered. The upside potential here was indicated by the stock jumping up to 7 1/4 after the blocks had moved. (Too bad it didn't stay there.)

We have much to look forward too with Jack Kay speaking at a investment conference in NYC on January 12 and the earnings to be released around January 15. (They best beat estimates.)

Best holiday wishes,

Marc