SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : INEL - Inteligent Electronics ?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dr. Id who wrote (1)5/4/1996 10:21:00 PM
From: olduser   of 234
 
re: an Internet spin-off & volume build-up before an IPO?. Friday’s volume as high as Emachael reports was definitely dominated by a large number of sellers willing to go to a lower bid.

However, the low resistance line @8^7 was never broken. This in the fact that no apparent buy pressure was able to push the stock back up to the 10:00-10:25 level of 9^2-9^7. I can only surmise a couple of possibilities: some old holders of stock are getting close to even and bailing out; and someone with more info ‘bout the company is shorting the stock.

This action (selling on the falling bid) if carried on long enough is like slippery slope and so, I wonder, what was it that forestalled the shorts from accomplishing their task. I might anticipate a question related to my knowing where do I get my info from?.

Currently I follow about 11,000 stocks on real time bases and I have a new program that lets me count the number of shares traded @ASK (buys) and @BID ( sells). The simple calculation then tells me who had an upper hand in a given number of trades. Friday’s balance wound up on the short’s side by approximately 600,000 shares more sold than bought. And so I’m in a quandary again - the stock wound up +^2 on the day.
Don’t give up what should be more than hope and continue
LA
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News