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Technology Stocks : Sterling Commerce (SE) -- Ignore unavailable to you. Want to Upgrade?


To: kech who wrote (188)2/26/1999 12:30:00 PM
From: Ramsey Su  Read Replies (1) | Respond to of 341
 
Tom,

my only wild guess explanation is SE popped up on day traders screens with the big daily moves recently. Too bad it is a NYSE listed stock which does not reveal the details as NASD Level II does.

Ramsey



To: kech who wrote (188)2/26/1999 1:32:00 PM
From: Ramsey Su  Read Replies (1) | Respond to of 341
 
Tom,

I thought you were going to join us earlier this week?

Looks like there is finally some volume on the buy side, with support at 24.5 thereabouts. SE has 94M shares out and only 12% non-institution and insider ownership. The 11 million share float is probably what caused the big price moves when someone is trying to unload.

What I am most disappointed so far is SE not coming in and announce buy backs. If they are confident of the business, why not use the opportunity to pick up some cheap shares?

Ramsey