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Technology Stocks : Point West Capital (PWCC) -- Ignore unavailable to you. Want to Upgrade?

To: Tibor who wrote (25)	2/2/1999 1:35:00 PM
From: James H. Irwin	Respond to of 345

50,000 blocks broker to broker don't happen that often unless you're talking a big, big stock.

To: Tibor who wrote (25)	2/2/1999 8:42:00 PM
From: E. M. Edds	Read Replies (1) \| Respond to of 345

It looks like you were right--they dropped the price, even after that 50000 shares, took out some stop losses, cleaned the chicken house (got rid of the chicken $hits), and then raised the price back up. It was pretty well orchestrated. There was a high bid to ask ratio as they were raising (panic selling), but they kept on raising it higher. It seems their intentions were to accumulate to move the price to a new high. We'll probably see it tomorrow, IMO. Best of luck.