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Microcap & Penny Stocks : AUTO - good valued co.in recession free industry

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To: John Posatiere who wrote (34)10/9/1997 10:36:00 PM
From: Charlie Langford   of 205
 
I watched this stock activties today and have a few questions if you can answer.

1. Is this news the reason for the high volume today??? Were these sold in the open market???

2. Why did the stock react positively to this announcement???

3. It would seem that this fund unloading for the last 45 days would account for the falling price. Now that it is done, is one to assume the selling pressure is off???

Would like to hear more from you about this if you have anything to add. I spent half the day researching the stock and was liking what I saw. I admit these may be dumb questions but I really don't know what to think about this.

Charlie
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