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Microcap & Penny Stocks : Ameriquest AMQT (formerly AQS)
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To: Arthur Tang who wrote (458)4/12/2000 8:37:00 AM
From: Arthur Tang  Read Replies (1) of 484
 
On Yahoo big one year chart, it looks like shorts are quite high. Shorts average between 70 cents and 60 cents. Current resistance is 60 cents and support is at 40 cents.

Management has to talk to market makers and try to meet the demands heating up on the Ragingbull message board. If not, severe overbought will average cost of shorts down further. Resistance may come down to 50 cents in the near future.

Technical rebound is not in sight, until some demands are met by supply of shares in the 5-6 million range.
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