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Technology Stocks : 3DO: Hot Games for Hot Machines (THDO)

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To: Timothy Wojnar who started this subject9/10/2001 11:30:20 AM
From: (Bob) Zumbrunnen  Read Replies (1) of 4081
 
Volume's halfway decent and price activity looking "fair".

Moneyflow absolutely stinks, though. -246k right now. I don't rely on moneyflow as an absolute indicator, and it's not real accurate for telling how well-liked the stock is on a particular day since I'm seeing plenty of orders between the bid and ask (which aren't taken into account for MF) and some over the ask (which also aren't taken into account).

Still, it gives a generally good idea. And THDO is not terribly well-liked at this point, FWIW. -246k is really bad for this early in the day.

I should emphasize that I don't usually use moneyflow as any kind of indicator, though, other than general sentiment. And I tend to prefer buying when everyone's selling and vice-versa.

No closing prediction at this point. It really could go either way right now. I think it *should* go up substantially as it's starting to get overdue for another attempt at $5 (but barely overdue), but the current Level II look doesn't support that.
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