NewCom (NWCM) Message Board

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Technology Stocks : NewCom (NWCM)

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To: Cat who wrote (275)	2/12/1998 10:11:00 AM
From: Ralph Ulisse	Read Replies (1) of 662

Mike - NWCMW: BID $4 1/4 - ASK 5: DAY HIGH $5 1/4: VOLUME 2700 SHARES. The warrant is down $2.5 from its high 4 days ago. Again, no support! I find it hard to believe that this stock can drop $.75 on only 2700 shares, and have a high of $5.25. I believe the $5.25 was ordered (market buy) before the market opened. The market makers saw this order, moved the ask to $5.25, executed the order, and right back to $5.00 we go. This stock can't build a base of support!!!!! This stock traded good volume at the $16-$18 range, so who's averaging down. I think they're waiting for the stock to drop to $10-$12. The above comments are also true for the common.

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