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Technology Stocks : COM21 (CMTO) -- Ignore unavailable to you. Want to Upgrade?


To: pat mudge who wrote (243)3/26/1999 2:21:00 PM
From: RON FARRELL  Read Replies (2) | Respond to of 2347
 
Any idea on how secondary offering is going?
Hard to believe that 3-million shares can sell at $23.50, when +850KU were traded today below $21. Obviously MM's and day traders inflate the number of shares actually changing hands between people who have been holding and new investors looking to get in, but short term I am concerned.

Bought my first shares of CMTO at $25, and recently bought more at $22. I'm not sure how far I should be chasing this one down. Previously, down moves were associated with low volume. Today's action is more troubling to me.