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Technology Stocks : Liquid Audio Inc - (Nasdaq- LQID)

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To: Srinivasan Balasubramanian who wrote (288)7/21/1999 11:22:00 PM
From: Trade4$  Read Replies (1) of 674
 
When the volume picked up, the price went up. When the volume dropped the price eased a bit. That tells me that most of us are holding long for much higer prices. However, some went for the quick profit (the day traders and momentum players). As soon as we can shake them off, investors will drive the price up to 100 or more.

The big dip at the end of the day is very interesting however. I am not sure how to read that. Could it be MM's trying to shake out stop loss orders? We will get a better idea of what is happening at the open on Thursday.

Sure am glad I did not touch MPPP. In about a week, it might be a buy opportunity but I think I will stick with LQID. It looks much more predictable from chart analysis and has a lot more going for it.

Long on LQID and QSSY. Guess I like those Q's.

Trade4$

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