Pressure still on Baltimore

Baltimore Technologies shares continued to come under the hammer on the London and NASDAQ markets yesterday.

But with the shares recovering from their lowest levels in later trading, there were indications that this bout of heavy profit-taking may soon be coming to an end.

Still, Baltimore's fall from a London high of £150 sterling on February 23rd has led to its FTSE-100 listing being put in jeopardy. Baltimore only joined the FTSE index last Monday, when it was 70th in the 100 share index, and this week's selling has pushed the stock down to 94th.

On NASDAQ, Baltimore shares recovered from early heavy losses when the shares fell from the overnight $149.94 to a low of $127 before moving to a midday price of $141.