ECNC (OTC:BB) - eConnect Message Board

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Microcap & Penny Stocks : ECNC (OTC:BB) - eConnect

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To: Jorjenzak who wrote (2590)	9/29/1999 4:42:00 PM
From: SCOOBEY-DO	Read Replies (2) of 18222

I Jorj., I don't completely agree with your theory: One theory...shorts seeing the trend will reverse and are covering and cashing in....sold shares high a couple weeks ago and now the bottom approaches (based upon last low of .15) I would agree if we were seeing a lot of large buys, because short sellers would have to buy shares back to cover, but we are not. We are seeing large sells. I suspect alot bought into the momo we had going a short time ago...did not know anything about us really and now are bailing out....perfect for shorts and MM's to make their $$. Are you saying that momo players bought high and are now selling low? It looks like large trades of close to 100,000 at a time, which would imply large momo players. I don't think that large momo players are that green that they would sell at any cost once the price dropped to it's low level. JMHO. Of course you are probably right in your theory, I just don't see it. Scoob

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