Trico Marine Services (TMAR) Message Board

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Gold/Mining/Energy : Trico Marine Services (TMAR)

TMAR 22.48

+0.1%

Oct 31 9:46 AM EST

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To: monu who wrote (1056)	3/22/1999 10:14:00 PM
From: TATRADER	Read Replies (1) of 1153

monu, normally I would agree with you... However, one rule of volume is this..See page 272 of "Technical Analysis Explained" by Dr.Martin Pring..3rd Edition I quote: "Following a decline, heavy volume with little price change is indicative of accumulation and is normally a bullish factor." This stock has declined from 22.50 to 5.00 over a period of one year..If you look at the chart, we have a very nice rounded bottom... With this type of volume, if indeed it were dumping, the stock should have nosedived toward the 4.00 level...However, I believe we have a very smart market maker(probably GSCO)who was acquiring all day long at 5 1/4 for a client..Then at the end of the day, he turns in his tape of 575,000 at 5 1/4...I have backed up my feelings with my pocketbook, and have taken a large position(for me) in this stock... The mark of a good market maker is to stealthily acquire shares without disturbing the price too much...

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