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Pastimes : ASK Vendit Off Topic Questions

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To: Carolyn who wrote (11688)	4/19/2000 9:23:00 PM
From: DOUG H	Read Replies (3) of 19374

Carolyn, I wanted to opine on your chart because it shows something I've been trying to avoid. The stock closed at $16 the previous day and opened at $20/sh. A $4 gap on a $16 stock is a 25% overnight markup! WHY? It does not suprise me the stock glided a little higher as "buy on the open" orders were executed and more $$ were drawn in. But look at the money flow on the bottom indicator. It went negative today. So as investors were drawn in at excitement levels, big kahuna $$$ were heading for the door. I saw that with a lot of the leaders today, OBV & MF turning negative which I believe indicates big $$$ is leaving the stock even though stochs and MACD seen to be near signaling. I dumped INTC/QCOM/CSCO and a couple of others cuz I felt that big $ was not going to participate in any late day rallies. I think this is why Donna and V-Meister emphasized CAUTION above all else. A little more than $.02 but I'm a master at making a short story long. <gg>

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