To: hsg who wrote (770 ) 6/24/1999 10:12:00 PM From: John Paquet Respond to of 1239
In the market place there are always bear and bull. If they are no sellers there is no market at all. there are 3.5 mil shares sellers today, as I can see these 3.5 mil shares sellers are: 1. resources problem sellers want to get out and wait a bit small rally then get out and sold. 2. those who bought at .42 to .49 areas, they can not put up their losses any more as they are so scared cuz SKG went down to .22 after it hit that .49. They are panic sellers, cut losses sellers. 3. Those who bought it at .03 or 4 cents, they see that 3 cents or 1.3 cents as gains as profit increased a bit they got out and sold, they lost opporunity to sell when it waqs .45-.49, now a bit of rally and sold. 4. some are day traders [ but I am not a day trdaer, I will wait for that re-testing of .49, if it decisively failed then I will get out and sell, other wise, I will be laughing by goldsnow who is a lond term investor] Price action after almost 25 days in the down move, suddenly today it woke up {BTW I warned SKG would have a big rally with 1-2 mil vol but it a bigger rally than I expected} and become very alive indicating those sellers will become losers and buyers will become winners as price action suggested SKG will be 1000% sure test that .33 and even that .49 you see. Unless dow down more than 600 points and NASDAQ down more 300 points at day. These is very much unlikely. US economic fundamental is very sound, this a bit rise of long term interest rates is a temporary scenary, as supply from Corp selling COrp debt in this week you see. When dow and Nasdaq reume bull move will enhance SKG to reach that .49 or beyond. Skg price has been arguing for the last 25 days, it was bearish right, the argun=ment today come up a conclusin that the buyers like myself are winner and the price are going up. You see. For the last 5-6 days the price has been arguing between .25 and .23 and now SKG closed above that .25, who won the agument in this 6 days's debating, the buyer side, right. How about if today SKG went down to .20, who were the winner, the seller sider. I hope I can expain to more in terms of market behavior. etc..... John Paquet I will buy more tomorrow right at .26-.27 and she will be .30 and I see through it. Go figure hsg. Thjis is the best chance to make money, and I am not kidding at all.