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Strategies & Market Trends : Lizard King's Trading Swamp
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To: TATRADER who wrote (2488)10/30/1997 6:08:00 PM
From: James R.Gross  Read Replies (1) of 7396
 
Mark,
I do not short stocks yet, but I see one I have on my list that I
watch RSYS today went up 3 1/4 at end of day. Volume was below average
for the day. I can't tell if large block was bought at end of day and
something is going to happen or if MM really suckered somebody. I have
seen recently how MM have driven down one day in the morning a stock I
own NTAIF 2 5/8 on just 7000 shares traded, way below normal volume.
NTAIF is in this huge trading range though. NTAIF has earnings out
Nov. 7 and SEC has just approved its rights offering that shareholders
don't have to purchase until Nov.24 way past earnings report, word is
people will not purchase unless news is really good. I have read your
analyst of srocks and have been impressed with your knowledge. I do
not own RSYS but I thought it might be one for someone to make a few
bucks that plays that part of the market. I would appreciate if you
or someone out there could comment about NTAIF and what it might do
over next week. Thanks in advance.
Jim
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