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Microcap & Penny Stocks : Olympus Ventures (OVIS) - formerly (OLPV)
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To: Dale Baker who wrote (2589)8/28/1997 4:46:00 AM
From: Dale Baker   of 13196
 
Intraday chart analysis: a rough look at OVIS shows about 80,000 buys and 20,000 sells (based on uptick or downtick). So about 1% of the float we know of broke loose - and 99% sat tight. The MM's have a long way to go if they are still short.

Now look at JAXI: a tidal wave of 10K and 20K sell blocks which tumbled the price down until two buys at the end gained back a little bit of ground.

JAXI is what happens when small investors fall apart and run individually for cover. The MM's have a wonderful time buying back cheap shares which they sold to those who bought in at the top. They make money; investors lose money.

Cartel members, it's your choice. Keep OVIS strong or follow JAXI down. Hang together, or surely hang separately.

Good luck to all today.

DB46
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