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Technology Stocks : Peapod (PPOD)
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To: Jacob Lewin who wrote (576)12/30/1998 9:37:00 AM
From: Moominoid  Read Replies (1) of 1170
 
The key issue is it didn't trade like a "nut" if it had it would have burst out with the rest right at the start. Instead it spent half the day doing nothing and suddenly the volume arrived and rose. To me this looks like sudden buying pressure which sellers only gradually became aware of but not fast enough to stop prices rising steeply. This has happened before in PPOD and does not correlate with activity in the nuts. On the other hand the rise to $13 was in coordination with nut activity.
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