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Strategies & Market Trends : The picks
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To: M Gao who wrote (892)1/2/1997 12:01:00 AM
From: Andrew Vance   of 6124
 
A little homework on CCEE for those interested.

I briefly looked at the charts so these are approximate prices.

12/94 thru 5/95 DOWN trend from $ 1.25 to $ 0.25
05/95 thru 8/95 SPIKED up to $ 4 then stabilized to $1.75 +/- 0.25
11/95 thru 1/96 Steadily rose to $ 3 and change
01/96 thru pres DOWN trend to $ 0.50 with a spike back to $ 2.50 in March.
End of 11/96 unusually high volume trading causing a DROP to ~$ 0.50 (volume in the 6-8 million range around the 11/22 timeframe against a normal volume of 1-2 million daily last 50 days)

Sounds like a good candidate for the "what goes down must come up" club. This coupled with enough interest here and on other threads AND the YR2000 frenzy, we might see a real good move.

At $ 0.60 per share, I could purchase 40,000 shares which would be reflect as an 80,000 shares trade on the NASDAQ volume. I would be responsible for ~ 5% of the average daily float (80,000/1,500,000). If 10 of us did this 2 days ago prior to this posting, it would be 1/2 of the volume. Now if 30 people on these threads jump in tomorrow, I bet it can run up to at least a $ 1 for a 66% profit. Spread the YR2000 story like DOCUCON and away she goes.

I have made enough profits off "THE PICKS" thread so I WILL get into this first thing in the morning and hope the scenario presented above occurs. I see no downside risk (maybe down to $ 0.50 at worst) with a good upside potential as the elusive YR2000 beauty contest continues.

But that's my opinion.
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