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Non-Tech : NovaCare Employee Services (NASDAQ:NCES)

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To: lofalutin who wrote (312)4/1/1999 11:42:00 AM
From: Dave Hanson  Read Replies (2) of 376
 
Stephen, I can certainly understand your cynicism, and to be sure goofy things have been going on with this stock. But one MM bought much over the average daily volume yesterday to print it up to 8--it wasn't just shot up there on a few shares. Thus, I don't think it was manipulated up: someone thought a deal was coming. Given that support in the high 6's has stayed, I think they still do.

FWIW I'm still holding my entire position, including my "trading" half. Their numbers have long looked great, and the fact that it trades so wildly is an opportunity for us little guys if we watch carefully. Also, I'm pleased that the de-coupling of NOV from NCES stock performance which seemed to begin last fall continues

Regards,

Dave
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