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Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

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To: Q. who wrote (2226)4/21/1999 11:22:00 PM
From: chester lee  Read Replies (1) of 2506
 
John,

OCOMD's price decline is more rapid than I anticipated. The volume has been really low though, so that has me a bit concern and somewhat confused. The thin ADV cuts both ways, so any buying would just as quickly run the stock. At this price, the percentage gain would be large, and would attract daytraders and momo types. The confusion is wondering why Southeast Research Partners has yet to pump the price. I'm not complaining. I have a good to cancel buy order at $3, which I will now split into 2 order, one with a lower price.

chester
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