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Technology Stocks : Alteon WebSystems Inc-(ATON)
ATON 0.714+5.0%2:04 PM EST

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To: hungtran who wrote (333)10/28/1999 3:23:00 PM
From: Wayners  Read Replies (2) of 414
 
I tried selling ATON in the $84 to $86 range for two days trying to get the ask on a peak. No go. The daily highs were starting to slip with respect to prior daily highs. You could literally see the stock getting weaker. Now you're starting to see the trend accelerate and panic and stop losses kicking in. This has noting to do with ATON the company and everything to do with stock's price and volume. Watch for the volume to increase as MMs begin accumulating BY INCREASING THE AMOUNT OF LIQUIDITY ON THE BID SIDE. I wouldn't even think about selling down here.
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