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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook
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To: Mephistopheles who wrote (698)9/24/1998 8:12:00 PM
From: Peder E. Angvall  Read Replies (1) of 8858
 
While I agree that it is good news for SNMM, I don't think it is responsible for the runup the last two days. We have seen a 35%+ gain over the last two days on less than 200,000 shares (average volume for two days is about 170,000). We saw a 500k volume day after the earnings and the stock didn't budge. IMHO it seems more like a fundamental-related rise, meaning all of the sellers are out and the buyers are driving up the price.

Then again, maybe the MM's are driving it up for grins.

PA
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