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Biotech / Medical : SNRS- Sunrise Technologies
SNRS 0.0000010000.0%Jun 6 11:01 AM EST
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To: HeyRainier who wrote (988)5/25/1998 8:47:00 PM
From: Double E  Read Replies (1) of 4140
 
Rainier,

Not trying to but in, however I do have some observations. The volumes the past couple of weeks have been "pitifully" low. I don't know how your models take into consideration the volume traded each day as well as the shares per trade (which has also been rather low).

I think we are seeing "aimless" drifting although it has a definite downward trend these past couple of weeks. IMO some impatient "investors" are deciding they have missed the real momentum of this stock and are cashing in. That beats the price down.

IMO there are some other people who have bought a few hundred or a few thousand shares at significantly lower prices and are now impatient with the stall in the price increase. This also beats the price down.

Another factor may have been the general sell-off in NASDAQ stocks on Friday.

Until we have some more news, the price will continue to drift "up a little" and "down a little". When the volume picks up, that's when I will be extremely interested in which direction the stock price is heading. Right now, I'll bet when the volume jumps back up into the 500,000 share/day range we will be moving up again. Until then, who knows.

I'm sure Cubby has his opinions as well as to the significance of the price movement but these are my thoughts. I'm not trying to trade this one because I continue to be long on SNRS. One year from now is what I'm ultimately interested in. We're a long ways from my target on this one.

Double E
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