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Non-Tech : NovaCare Employee Services (NASDAQ:NCES)
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To: Dave who wrote (274)3/5/1999 1:25:00 PM
From: Todd D. Wiener   of 376
 
Dave-

I have no idea. It is good that $6-6.50 held. That was the area that I previously suggested as new support. I didn't expect it to retest it so quickly, though. But I suppose it's only fair--easy come, easy go. Assuming the stock bottomed this morning, we should be in good shape. As for the extreme volatility, I have no idea. Perhaps there was a rumor of a takeover, then the rumor was dispelled. Or maybe the MMs dropped the stock today to buy more (perhaps they were forced to build a short position as people were buying in the past week).

Todd
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