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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Arthur Tang who wrote (1543)1/26/2000 8:02:00 AM
From: Arthur Tang   of 1911
 
Herzog has taken over the lead with over 4 million shares traded. Yet, the shorts only rose 300,000 to 1,500,000 shares. Apparently, these trades must be daytraders' action. Not much net change of ownership of stock. The Rolling action Herzog pricing the stock has good opportunity for traders.
Stock watch is now changed to one day chart with one minute intervals. Fundamentals are thrown to the wind. 292 institutions (95% ownership) are riding on the daytraders' whims.
Shorts and trading data must be watched to see who will take over the pricing issue.
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