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Microcap & Penny Stocks : IATV - ACTV Interactive Television

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To: Jim Mulis who wrote (2786)9/15/1998 2:49:00 PM
From: ed doell   of 4748
 
Thanks Jim,

Some things for everyone to think about:

the average trade size today is less than 1500 shares per trade, so my analysis is that, despite the large overall volume, many small traders sold into the news depressing the price;

when you factor into this line of thinking that at 09:30:20 a 20K trade went off at 2 25/32 (on the bid), the small size of the average trades today seems more significant.

Yesterday there were some large trades and patterns of large trades selling into the expectation of a sell off on the news of today.

My sense of this is that what Jim has to say about the meeting tonight deserves careful consideration. IMHO the stock price could easily return to the mid to high $2 based on today's trading pattern, this evening's meeting and demo, and the further expectation of news to come.

All of course offered IMHO,

Ed
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