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Microcap & Penny Stocks : PICK Communications Corp. Press release

PICK 58.32

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Feb 2 4:00 PM EST

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To: S-Choir who wrote (352)	3/25/1999 2:30:00 PM
From: John Fairbanks	Read Replies (2) of 746

It seems to have formed a pretty strong resistance level at $1.00... did anyone else notice the 180,000 shr buy at $1.52 yesterday? There have been several transactions like this that have made me think someone is trying to accumulate the stock. As quickly as the big buy went off the upward pressure lessened and a bunch of people took some profits driving us back to $1... any other stock would have been back down around 0.75 by now... personally I suspect there is still an upward bias that is being temporarily matched by profit takers. I was also amazed how we went from a ton of volume this morning to pratically nothing almost in an instant... and the way that even when they lower the bid to grab sellers they still keep the ask pretty high... then again I could be completely wrong... look at the tape though, very strange. :-)

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