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Technology Stocks : PROGRAMMER'S PARADISE (PROG) -- Ignore unavailable to you. Want to Upgrade?

To: Edward A. Fitzpatrick III who wrote (174)1/11/1999 4:29:00 PM
From: Zeev Hed  Read Replies (2) | Respond to of 2383
 
Edward, the market makers must have provided most of the stock between $18 and $19 on the opening, and they are simply walking it down. Quite easy for them in a stock where there is not much market recognition and no "Aura". As I said this morning, it should be available all the way to $15.5 before new buying comes in. I think that the next buying wave will not come until shortly before earnings are released later this month.

Zeev


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