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Strategies & Market Trends : Attitude Small Stock Discussion
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To: ted birnbaum who wrote (254)11/17/1997 5:01:00 PM
From: Instock  Read Replies (1) of 385
 
ted: If it helps any, RLLY's closing price/last trade was a sell at 3 5/16, Up 1/16. The four trades before the last were Buys at 3 7/16 and 3 3/8. The MM left the BID price at 3 1/4 at the close, but the last trade shows that the MM was willing to give 3 5/16. The MM's also dropped the ASK price near the close from 3 7/16 to 3 3/8.
The high for the day was a respectable 3 5/8
The low was 3 5/16
NO TRADES AT ALL went though at 3 1/4, even though the MM's had the bid there for sometime.

What do I get from this?
Strong buying with a good deal of profit taking as well.
I was glad to see that NO ONE was willing to sell there shares at 3 1/4. Might have some support there.
MANY were willing to BUY the stock for 3 3/8, 3 7/16, 3 9/16

When the Market opens Tuesday, we have a good chance of it starting off with something like what the stock was doing NEAR the close. 3 5/16 or 3 3/8 Bid X 3 7/16 Ask.
It will help out a bit if we have a strong market Tuesday.
If we can put togather TWO back to Back gains, we should feel safe in saying that it has bounced off the bottem.
I too wish RLLY had held on to it's earlier, Larger, gains.

Lets look forward to Tuesday! Back to Back gains would do wonders for the Chart, and might even earn a Buy Rating from VectorVest ( like that would help any ha ha )

Good Luck Tuesday!

Instock
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