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Strategies & Market Trends : Attitude Small Stock Discussion
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To: Instock who wrote (255)11/17/1997 7:20:00 PM
From: ted birnbaum  Read Replies (1) of 385
 
Scott ,

I made my call based on watching it trade all day here is what I saw:

The 3 3/8 Ask i believe was my sell i placed at around 3:50. One of the last 3 7/16 trades was very near the close and it left my 3 3/8 on the ask sitting there and there were no takers. It was there for about 5 minutes before the close. Why i think it will test 3 1/4 and most likely 3 is based on the fact that when 3 1/2 came the volume picked up and the sellers came out of the woodwork. I think we have some profit takers and weak hands trying to get 3 1/2 and run. They may very well decide to sell and take what they can get. I see the failure to close above 3 1/2 after bouncing of 3 1/4 as an indication
that it will test the low again. If we knew for sure we would all be millionares :-) Anyway I thought it would be fun to predict tomorrows action ahead of time.

Ted
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