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Technology Stocks : TWMC: Trans World Entertainment Is Playing Catchup
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To: Bosco who wrote (42)3/31/1999 3:04:00 PM
From: spinynorman1323  Read Replies (1) of 93
 
Bosco,

Nice action so far today. Was watching as INCA sat on offer all morning and early afternoon driving it down and holding it there. After a couple large blocks outside the bid/ask range printed (usually sign of someone closing out big order), a major reversal occurred. Add to that a candlestick hammer pattern yesterday, which is usually bullish after a downtrend, we might be in business. One of the quickest reversals I have had the pleasure to witness. Heck, TWMC is almost acting like an internet stock today!! Go figure. :)

Lots of blocks piling on the ask on way up. New buyers or covering, hard to tell. There certainly if plenty of short interest. If we do encounter short covering, could be in for multi-day move on that alone.

Good luck.

Mark
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