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Gold/Mining/Energy : Conac Software Corp COT.V (was Exor Data)

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To: Robert Dirks who wrote (471)2/3/2000 11:01:00 PM
From: Kevin Hamlin  Read Replies (1) of 527
 
The move up this afternoon in COT was very powerful. I was really surprised to see no one selling into the huge bids that were sitting at .49 cents and .50 cents. Both levels had single orders of 100,000 shares and there was certainly enough volatility that they could have easily been hit (i.e., they weren't just fake bids.)

The agressive buying by Cannacord was also very interesting. Up over 200,000 shares on the day with almost all of it purchased at .49 cents and above. (Majority was .49-.51 cents)

I still don't know what's COT has in the works that is getting the market so excited, but its pretty clear that with the way this stock traded today.... the very large bids coming in and the volume over the past few days, that something is coming out. I doubt they'll put out good news on Friday, but wouldn't at all be surprised to see something in the earlier part of next week. Given today, I expect this stock will be trading quite a bit higher soon enough.

Regards,

Kevin
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