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


To: dark horse who wrote (322)5/14/1999 7:01:00 PM
From: Fundamentls  Read Replies (2) | Respond to of 405
 
Darkhorse, VDAT's volume and price pattern the past several days tell me that news is imminent. Earnings (due Monday) will be a yawn, based on prior statements, so it's not that. Various rumors of an alliance of some sort, maybe strategic investment, possibly even acquisition (though I'd bet against this) have been floating around.

I predicted on the Raging Bull board on Wednesday that this pattern (seen before) might be emerging and would be confirmed if we saw volume of 750K-1M and a price rise of 3-4 points on Thursday/Friday. And sonofagun, that's just what happened.

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