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Technology Stocks : RWD Technologies Inc (RWDT) -- Ignore unavailable to you. Want to Upgrade?


To: Allen champ who wrote (5)6/16/1999 8:08:00 PM
From: Byron Angel  Respond to of 41
 
I took an initial position in RWDT today at 9 13/16. A chance to buy a growth stock at a value price.

The volume today and yesterday looks like a selling climax to me. I think pretty much everyone who wants to sell now has sold. The company has authorized a buyback of 750,000 shares, which is over 20% of the float. The stock is now trading well below where it came public in 1997, and if the company takes advantage of this low price to buy aggressively the stock will move.
Byron