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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: MJ who wrote (2278)11/23/2004 4:07:39 PM
From: Walkingshadow   of 8752
 
Hi MJ,

Yes, you are right. That trend has driven interest for several months, and will continue.

STEM has moved by huge amounts (up and down) during this time, as you probably know. But the sudden interest in the last 5 minutes yesterday was unusual intraday activity, even for a stock like this. Check a 1 minute chart, with volume....

Looks to me like there's something up there, besides what you mention. I am wondering if there is pending news. I have seen this sort of pattern before with medical-related stocks. Sometimes it is insider "leak" of a major publication. Several of the big journals publish online tomorrow evening....

Or, it could just be MM fun and games. The stock is not that difficult to muscle around, given the price and float. Maybe there's institutional interest or some big order that got supered around, and people are jumping on while it gets accumulated. Maybe a big MOC order...

Just some guesses... We'll just have to wait to find out, but it intrigued me.

T
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