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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"

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To: ronco who wrote (1129)8/7/1997 9:06:00 PM
From: steve goldman   of 1985
 
The stock did not hit 3/8. It did not drop below 5/8 at all. It was a bad print, later cancelled and corrected. I head the trading desk at a firm in New Jersey. I started buying the stock at 9/16 so I have been watching it relatively closely. It DID NOT get down below 5/8 today.

The stock, did though, almost blast through 1. Then the buyer stepped aside and profit takers came in.

Stock looks totally washed out. The great thing about the move today was it cleaned up a lot of seller's positions. It could also be a total head fake, the seller stepping away for a little to let the stock breathe.

regards
steve
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