Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Market Tracker who wrote (852)	12/10/1997 4:43:00 PM
From: Arthur Tang	Read Replies (1) of 1911

1 minute interval intraday chart today showed some bunched liquidation 10,000-12,000 shares per trade around mid day. Then quiet, and pull back never recovered because of lack of activities. It showed the winding down of momentum play of a few days ago. Further pull back may be too hasty to predict. As momentum plays go, this is a mild one. Not much blowoff, not much anything except some people could not wait to lock up some profits. If they come back, they will be paying more. Such is the investment psychology. Government tax collectors thank you all; we have almost eliminated the deficit and will do better with the help of the momentum players.

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