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Non-Tech : Simula (SMU)

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To: Richard Silvers who wrote (1207)	7/2/1998 9:30:00 PM
From: Jaime H. Ayalde	Read Replies (1) of 1671

It would be a "goofy" individual day-trading SMU from the outside, (Screens). I seriously doubt with todays trading environment any "real" day-trader is present here. I would think the 100-400 lot traders would congregate at the extremes, they will and can afford the greatest volatility and risk. Most ticks are created by these players. They will accumulate and sell out positions at the next volume level. Most of the time SMU is here. Average trade at 300. 500-1900 the majority of those present. Position takers which will take advantage of the market swings but still not a market movers. We are currently in a Large accumulation period as time is running out. 2,000 -5,000 share trades are occurring regularly when available. We are at this stage now. As we know his supply is quickly evaporating. The breakaway is intact while testing of the low tick of the gap has brought on the current condition. Average trade is over 1,000. 3Xnormal. At least that is my read of the tape. Fundamentally all estimates are on an upward trend. Estimates for 1999 have moved up last three months so the earnings trend must be more visible. A close above the trigger "17.375" will be a sight to see. To a happy 4th o July , lets see the fireworks. Jaime

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