I'm leaning toward the following explanation.
Someone day trading. Look at the percentages.
DATE CLOSING PRICE OPEN HIGH LOW VOLUME
------- ------------- -------- -------- -------- -----------
10/08/98 1/64 1/64 1/64 1/64 1,251,600
10/07/98 1/64 1/64 1/64 1/64 130,700
10/06/98 1/64 1/64 1/64 1/64 865,000
10/05/98 1/64 1/64 1/64 1/64 92,100
10/02/98 1/64 1/64 1/64 1/64 373,000
10/01/98 1/64 1/64 1/32 1/64 283,700
9/30/98 1/64 1/32 1/32 1/64 8,400
9/29/98 1/64 1/64 1/64 1/64 415,000
9/28/98 1/64 1/32 1/32 1/64 156,500
9/25/98 1/64 1/64 1/32 1/64 351,700
9/24/98 1/32 1/32 1/32 1/32 401,600
9/23/98 1/32 1/32 1/32 1/32 68,100
9/22/98 1/32 1/32 1/32 1/32 409,900
9/21/98 1/32 1/32 1/32 1/32 5,000
9/18/98 1/32 1/32 1/32 1/32 250,000
9/17/98 1/32 1/32 1/32 1/32 45,000
9/16/98 1/32 1/32 1/32 1/32 29,000
9/15/98 1/32 1/32 1/32 1/32 19,000
9/14/98 1/32 1/32 1/32 1/32 19,300
9/11/98 1/32 1/32 1/32 1/32 1,053,700
9/10/98 1/32 1/32 1/32 1/32 593,500
9/09/98 1/32 1/32 1/32 1/64 20,000
9/08/98 1/32 1/32 1/32 1/32 284,600
9/04/98 1/32 1/32 1/32 1/32 367,100
9/03/98 1/32 1/32 1/32 1/32 17,000
9/02/98 1/32 1/32 1/32 1/32 525,500
9/01/98 1/32 1/64 1/32 1/64 492,500
8/31/98 1/32 1/32 1/32 1/32 488,500
8/28/98 1/32 1/32 1/32 1/64 74,200
8/27/98 1/32 1/64 1/32 1/64 215,300
If you are careful and accumulate at 1/64, then sell slowly at 1/32, what have you accomplished. 5-6 hundred, 3-4 times a week. Starts to add up over time into acceptable GP on minimum investment.
Just a tentative theory and intuition at work.
Any believers. . . . . .? how about detractors. . . . ? |
