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Strategies & Market Trends : WR's Momentum Trades

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To: Wayne Rumball who wrote (8321)9/8/2000 5:11:39 PM
From: Wayne Rumball  Read Replies (2) of 11130
 
CYBAD got totally hammered today.

Near as I can figure the float increased from 3+ million to 13+ million with the ADRXD distribution.

It also may have left ADRXD instututional investors with shares of a $2+ stock that they had no interest in owning. Hence the dump.

Big question is will the street decide next week it is still worth $2+, and will it find the buyers to push it back there.

Hope so, I ended the day with 18K
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