Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Phoenix Technologies (PTEC) -- Ignore unavailable to you. Want to Upgrade?

To: Fred Fahmy who wrote (3276)	5/1/1999 8:21:00 AM
From: Marc Phelan	Read Replies (1) \| Respond to of 3624

Fred, What I find very strange is the amount of overhead supply at these levels. I would have thought that the large volumes we have seen over the last 2 days would have sent the stock up at least a point or two. Very strange. I agree, it has been a very strange trading pattern for the last few days. In fact I would say it has been baffling and somewhat disconcerting. I do not think that the company is responsible for this volume as they are limited to a percentage of the average daily volume for their maximum daily purchase. This volume far exceeds that amount. It also seems to be major selling. (The disconcerting part.) Funds trading to other funds usually can hold the price somewhat stable. With the price deterioration I saw in the trading yesterday, I would speculate that we had a large individual seller. If not then I would be very concerned. Odd indeed! Marc