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Technology Stocks : Visual Data (VDAT) -- Ignore unavailable to you. Want to Upgrade?


To: prgraphics who wrote (97)2/21/1999 6:08:00 AM
From: nord  Read Replies (2) | Respond to of 405
 
GaryR
I have noticed the same trading pattern before prior runups. The stock volume goes way down from 300k/day to less than 100k/day volume is thin til late in the day and at the end of the day the bid is dropped and the money comes into stock. ie MM manipulating thin volume.
www1.wsrn.com
Also yesterday the spread on the stock and warrants widened out in the afternoon ie not much drop in warrants to the point where warrants were selling at a premium above the $1 dollar premium ie it was consid
erably cheaper to buy common than warrants unless of course you will have a significant price breakout on news( I think the time frame for buying at these levels is short). The combination of these gives me strong suspicion that there is significant accumulation prior to much expected news. I think that the initial announced round $2.5 M of private placement money for acquisitions signalled the finalprivate funding stage (last of a series} prior to the 20% stake by major partner. The valuation of this stock relative to the group is low and IMO the upside given prior post, EDNET stake, strategic relationships, big name insiders, and the fact that the company plans (see prior post) to roll out MPEG streaming for vod over net is to be first half 99 ie soon.
Regards
Norden
ps nice chart
techstocks.com