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Strategies & Market Trends : Rande Is . . . HOME

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To: BANCHEE who wrote (9874)	7/20/1999 11:14:00 AM
From: Rande Is	Read Replies (2) of 57584

GNLB has 29.4 mil float. . .so after all this volume, it has only traded 1/3rd of its float. Could just be an old-fashioned pump and dump with no pump other than the show of volume and momentum. Market Makers can indicate enormous volume and momentum by trading amongst themselves. . . .then the daytraders see it and jump in. . . then the momentum players see it and jump in. . . then CNBC spots it and asks the big "why?" . . . and it REALLY gets volume. Now, 10 million shares have traded hands and nobody even knows why. This is why I always say to KNOW THE REASON FOR THE MOMENTUM. Those who do, hold a distinct advantage over those who do not. Rande Is

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