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Microcap & Penny Stocks : Computerized Thermal Imaging CIO (formerly COII)
CIO 6.825+0.2%3:59 PM EST

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To: chirodoc who wrote (157)4/23/1998 6:44:00 PM
From: Gwolf  Read Replies (3) of 6039
 
I think I found out where some of the buying is coming from.

http//www.channel2000.com/news/specialassign/news-specialassignment-
980422-171715.html

CTI's technology was discussed on CBS 2 News on Sunday April 19th, Monday April 20th,Tuesday April 21st and Wednesday April 22nd. This web site gives a nutshell version of a TV story they did along with pictures of a woman being tested and an actual infrared photo.They quote people from the USC clinical trials. They do not mention the company by name, but anyone with an interest could call the TV station or USC and find out who the company is that they are talking about.

The technology is aired this week on TV and the Nightingales started buying this week, obviously both of them had something to do with the volume. I also found out that Meyerson ( the Market Maker that usually shorts the stock) was a buyer this week. I can only assume that they were covering their shorts to some degree because of the buying pressure. A friend of mine with a machine that shows all of the market makers said that at $.79 Meyerson stepped up and started shorting as usual, why not it is getting close to the end of the month and they don't want to have to mark to the market and see their paychecks disappear.

Now that the stock has broken above the descending trendline it will be interesting to see how far they are able to drive the stock back down before the end of the month. If the stock can hold and make a higher low then we might just have a bottom. Hey Nightingales get your wallets out.

Gwolf
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