CAWS - Wireless Cable (New and Improved) Message Board

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Technology Stocks : CAWS - Wireless Cable (New and Improved)

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To: BILL JAMES who wrote (773)	12/6/1996 3:08:00 PM
From: Don Lachot	of 5812

Bill, Nasdaq volume, as reported in the quote services, is a minimum of doubled, and could be tripled. So divide by 2 or 3 to get the real volume, and the mms are famous for trading huge blocks amongst themselves to make the volume look much higher than it really is, so you might have to divide by 5 or more. Also, the bounce won't be from short covering, the mms will cover while they hold it below 2. Then, a few weeks or months from now, they will use some news release to their advantage to let it explode, after using the next few months to accumulate shares. Welcome to the crooked world of the Nasdaq.

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