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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (10118)10/16/2001 1:29:36 PM
From: Jibacoa  Read Replies (1) of 13094
 
JIM:

ADSX Is up for a second day on a roll.<g>

Today's up-gap was on a pretty good volume (2,601,500 in the first 5 minutes,or 6,321,100 on the first 30 minutes.<g>) and it hasn't shown any intention of closing it.

It was selling at 0.22 of its reported book and 0.13 of sales.<g> It had announced on Oct.1 a "thermoelectic generator powered by body heat.<g>" It may be having a delay reaction to those news.<g>

Today it is up 44.44% on volume of 28,329,600 <g>(Although they have 225.6M shares out and the float is a good 196.3M the average daily volume was until recently only 4M.<g>)

How does it look to you ? Do you think it will be able to clim back to the $1 level ?

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Bernard
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