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Technology Stocks : Xenolix Technologies (XTCI) 'Ecstasy'(Formerly MGAU) -- Ignore unavailable to you. Want to Upgrade?


To: mark silvers who wrote (4391)7/18/1999 11:38:00 AM
From: Alan Vennix  Read Replies (3) | Respond to of 5143
 
Mark,

<<I just wanted to see how consistent you were in your rants/biases. >>

Maybe it is you who need to rethink your rants/biases.

When Richard made the comments you refer to, Naxos stock had more than doubled in price that day on over 300,000 shares traded, which was nearly triple the average trades for the prior 3 week period.

Now you attempt to make that equivalent to a day when MGAU had a price increase of less than 20% (and didn't recover to it's price of a week earlier) on a day when volume wasn't out of the ordinary - 50k shares compared to 30k and 80k earlier in the week and 47k on a day in the prior week.

I hardly think those are equivalent circumstances and don't believe you can equate Richard's comments on NAXOF to being applicable to the MGAU trading.

PS - Not looking to defend Richard, as he is quite capable of doing that himself as he has shown numerous times, but just thought your comments were not appropriate.

Alan