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Visual Networks, Inc. (VNWK) Message Board

  • Ezk00 Ezk00 Jun 19, 2000 4:36 PM Flag

    Nothing more than a bunch of 100-400

    shares been sold at market price..this is small
    investor saying oops since it didn't go up on an up day
    then something must be wrong. Well there is absolutely
    nothing wrong..Institutional money didn't sell otherwise
    the volume would have been much higher.

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    • Probably right but don't you think that most of the institutions dumped already? The volume was huge on the way down from $54.00.

      • 2 Replies to bksf53a
      • Yes, the big institutions dumped on the way down.
        Big heavy volume (biggest one day volume in the
        history of VNWK if I'm not mistaken last Wed.) is a sure
        indication the Institutions were dumping. Are they 'wadding'
        in here? Unless they were wadding last Thursday and
        Friday (good possibility I guess).

        Here's my
        observations - not OmniTrader's (I bought this software about
        3� weeks ago and kick myself for not selling at $59
        when it said to get out ~ currently no 'buy' signal
        from the program ~ and I wadded in 45� all the way up
        to 52� so take my opinions for what they are -
        simply opinions - and I'm losing big right now - my
        hands are tied and I can't sell for this huge loss).
        Anyway, there seems to be support at the $30-31 range. If
        this does not hold there is pretty good support at the
        $25 range. I think this $30-31 range will hold. But
        if VWNK comes out and 'misses' the primary
        estimates, $25 is probably going to happen (some fear even
        worse). Oh well. I await my wife's shares of SHW (coming
        in the mail in about 2 weeks). If they arrive and
        OmniTrader signals a 'buy' at that time I'm going to grab me
        some shares down here. I'll post when the program says
        it looks like a turnaround is happening. Not that
        anyone has to do anything with that knowledge but I will
        be glad to see 'something' say we've turned this
        bear around.

      • yes, but that was the day when there panic.
        Remember most investors sell first and ask questions
        later..I also believe what was dumped that day was
        absorbed by Merill and Goldman clients..I have been
        looking at the tape all day and i did not see anything
        other than very small trades coming from frustrated and
        fearful investors questioning why the stock is down on an
        up day..let's not forget why the stock was hammered
        in the first place and that was a downgrade based on
        earnings concerns. Nothng has happended since then other
        than the fact the both Merrill and Goldman came out
        defending the stock.
        I believe we're in a waiting phase
        until the company can signal directly/indirectly about
        this quarter..Since tquarter is backend loaded,
        sometimes it comes down to 1-2 deals that can put you on
        top or put you under and the company may not know
        that yet. I have more faith in Merrill & Goldman than
        Janney. Remember, even Janney said there is a chance VNWK
        can make or exceed their number..Goldman said even if
        they miss, that is already priced in the stock..and
        last, even if there is a shortfall it's temporary as it
        has nothing to do with business outlook and more to
        do with integration of the companies.