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Gold/Mining/Energy : Markatech - MKD (VSE)

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To: Ron Gilbert who wrote (33)10/9/1996 8:11:00 PM
From: Ward Nicholson   of 416
 
Ron:

It is hard to predict exactly when a stock is going to advance. As it turned out, today was a day to "weed out" those taking profit at such an early stage in MKD's growth. I would also add that the entire V.S.E. had an off-day. Truth of the matter is it would be very healthy for MKD to stabilize around the 0.60 level for awhile. Too much volatility (with price rocketing up or falling down) usually indicates non-healthy trading. Take a look at the chart of MKD...you see that sine-wave type motion...like it's moving in cycles (and on an uptrend)? That indicates to me that there's something fundamental important going on with Markatech. The pro-traders are moving in at this point in the cycle to grab inexpensive shares. I'll bet that some pros slammed the bids a bit today to try and jerk the price out of its natural path. Watch MKD tighten up though. The price will stabilize and many will be sorry they didn't place a bid in to catch inexpensive shares. I bought more today...long term this is a great play.
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