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Gold/Mining/Energy : Altair Nanotechnologies
ALTI 4.700+1.3%Jan 2 3:59 PM EST
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To: Sam Quentin who wrote (536)11/15/1998 6:47:00 PM
From: Tai Jin   of 603
 
I looked at the indicators at equitytrader and they don't mean anything to me. The stock is basically trading flat on low volume - in this situation the indicators are basically meaningless. Such a stock is more likely to be driven by news, and so far news releases have been met with selling.

According to Baseline, there is no institutional ownership, but Prudential started covering the stock in early September and they may be the ones supporting the stock at 7 1/2 (which is where the stock was the day before they initiated coverage). I would suggest that unless there is more interest in this stock from retail investors that Prudential will drop the stock. And if they do then there won't be any support at 7 1/2. Then you're right, the stock will explode and there won't be anything left.

...tai
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