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Strategies & Market Trends : RICA - Costa Rica International, a hot new stock

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To: cindy doop who wrote (3)9/3/1996 8:09:00 PM
From: Charles A. King   of 103
 
Hi Cindy. I don't know about anybody else, but I was disappointed, even though the stock has had a tremendous run. The market makers were all set up with the bid/ask to make buyers stretch, but there were more sellers than buyers due to the mood of the market, I guess.

The MMs were able to hang the stock on an old shelf from back in the Fall of 1993. It may have to consolidate there before it makes its next leg up. It is still an almost double from just August 19 which is a pretty vigorous run, but I think there may be behind the scenes work to promote the stock.

Charles
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