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Technology Stocks : NewCom (NWCM)

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To: Cool Hand Luke who wrote (618)9/16/1998 3:31:00 PM
From: WhipsawMcGraw  Read Replies (2) of 662
 
Greetings Cool Hand Luke,

Had a question for you in NWCM. Today the stock acted really well up a close to 1 point. Volume light then they are able to wack (very technical trading term) the stock with high volume but no large blocks of shares. Is this shorts, margin selling, investors wanting out? You seem to know the most about this company lately? Any thoughts. I really do like the company and have no problem buying more stock at these levels. But when the stock acted so well then so poorly, I am concerned.

Keep in mind at the open the stock was actually down. The market makers did not jam the stock up on the news this morning.

regards.
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