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Microcap & Penny Stocks : FutureTrak International, symbol FTRK
FTRK 0.446-2.8%11:21 AM EST

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To: Scoobah who wrote (524)4/28/1999 3:58:00 PM
From: trader  Read Replies (2) of 663
 
stock rose through $1 on the lightest 5 minute period in volume only 28,000 shares traded in the period. Then as the stock accelerated above $1 so did the volume going at about 30,000 per 3 minutes. Then at 1 3/8 volume dipped in half.

Must have been distribution and shorting by market makers to customers above $1. then when the volume dropped, they smacked the bids to accumulate and cover back just below $1 on about equivalent volume while the stock was rising above $1.

Stock seems to have slowed down and stablized for the time being, and short term market makers must be close to flating the books while the bell is getting ready to ring.....right at the same point it broke resistance with out any???? cool
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