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Technology Stocks : Concurrent Computer (CCUR) -- Ignore unavailable to you. Want to Upgrade?

To: DEER HUNTER who wrote (6952)	2/8/1999 9:41:00 PM
From: Goodboy	Read Replies (2) \| Respond to of 21143

Here is a little more info that I find rather interesting. CCUR bottomed out around the beggining of March 1998 at about $2. The stock slowly started to climb above the $2.50 mark with lots of daily volume. On March 27, White Rock filed that they were 5% owners as the stock was breaking toward three. They continued to buy as the stock inched higher, but they bought under 1 percent more so they didn't have to file again. Within 6 weeks of them filing and the stock going from a low of $2 to the White Rock announcement at $3, CCUR announced a letter of intent with SFA that sent the stock to $4.50. This was the first material pieve of information that said CCUR was in this game and shut up a lot of the naysayers. The stock slowly drifted down as this information turned out to be the last infor on VOD for almost 4 months. We went back $2 and there was a lot of crying and accusations or hype (mostly aimed at me). As we know, this was a long lived buying opportunity for the investors in CCUR. Strangely, White Rock did not buy more stock at these lower levels, even though the stock had moved back from a high of $4.50 to a low of $2 (even dipping below $2). One should think about this carefully. They did not buy during the lull when the stock was at or below the cost of their original 2 millions shares. We also know they weren't big buyers when the stock went above the $3.75 to $4.00 mark after the SFA announcement and in the week moving up to it. The question is why did they now decide to nearly double their position when the stock is in the $4 plus area when they were unwilling to buy more when it collapsed to back to $2. If you look at the chart, last time they bought and filed was the begining of a run to $4.50 from the $2.50 to $3 level. And presto, in 6 weeks we have a deal with SFA and the stock is in the $4's, but they don't buy more. They let it fall and now suddenly start buying agressively at these prices as if something were about to happen and they wanted to be at 10 percent. In fact, they can now go over 10 percent without filing (but not more than 10.07 percent). All this makes the assumption that these guys are not stupid. I know a lot of institutional investors and I would say that these guys are not stupid. Shorts tend to due more work and have more contacts. It is the nature of their business since when you short a stock, you have theoreticaly the potential for unlimited losses until you cover. I know the story on Igen and it was very compelling. I got in late, but made good money on the run up. The Bartons and Soros quickly went over the 10 percent mark as the stock was rising. I have a bad memory, but I think they started at $4 and kept buying right into the teens. So what does this all mean. I don't know, but history says that when these guys go to the 10 percent mark, good sh-t happens. History also tells me that last time they were agressive buyers of the stock, the stock went up another 50 percent or so before topping out. In my opinion, some people will sell tommorow because they didn't get anything they were looking for from the call. Trading has been a winning strategy up to this point. On the other hand, something tells me there is more going on here than we know about. Also, remember what Ken said about the last time he had a small cap like this recommended by Raymond James. Could it be that White Rock knows of near term coverage of the stock and the herding effect by SFA/GIC institutional investors to place a long term bet on VOD? Tommorow will be interesting.