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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: Susan Saline who wrote (20261)	7/16/1999 2:59:00 PM
From: DanZ	Read Replies (1) of 53068

ECLP. It's hard to answer your question specifically but the stock stabilized between 28 1/4 and 28 1/2 after dumping earlier. Most of the big trades were between the spread so it's hard to determine whether they were buyer or seller initiated. It has been in a narrow trading range for several hours. My guess is there was some profit taking on buy the rumor sell the news, and once that's out of the stock, it will trade similar to an Internet issue in the short term. This is purely a speculation on my part and that's why I didn't buy much.

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