Apr 1 1998(roebear)(Yahoo)
Well, I did know some of these,
9:48PM EST
but I always thought SCRAM was what you did after you LIT THE FUSE
!
Here is some info I got from a friend with some pretty good software
which I feel explains the SCRAM in the price today.
We hit some pretty good resistance and it will take a bit or more news
to chew through, but we WILL! After reading these numbers, I am
interested in the opinion of anyone in their own Experience as to how
many of these shares are still held. PP shares are not currently free to
trade till near the end of the month according to this same source.
Since they are long term investors it is unlikely that they will effect
the stock price greatly.
Quote:
What I think is happening is simply the math of prior trading in the
range between 3/4 and 7/8. Here are some figures:
>From last October 17th to March, a total of 20,723,000 shares were
traded when the price was between 3/4 and 7/8 at sometime during the
day. The first period was from between 10/17 to 12/3 and 10,325,400
shares traded. The most recent period was between 1/12 and 2/12 when on
every trading day, the price was at some point between 3/4 and 7/8.
Total shares during those 23 straight days was 10,397,600.
This last 23 days is close enough to the present for the figures to
still be valid.
END OF Quote
So how many, after all the daytraders and nervous nellies, are left of
the 10.397MM or the 20.723MM shares?
BTW Net, I will post the definitions, you cheapwad freeloader
(just kiddin G)
Roebear |
