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Gold/Mining/Energy : EMR Microwave Technology (EMW.A) -- Ignore unavailable to you. Want to Upgrade?


To: timroy who wrote (275)8/18/1999 7:14:00 AM
From: Buckey  Read Replies (1) | Respond to of 397
 
A little well timed damage control. The Newspaper article may actually help the share price as now some people will understand why it was down so low and realize that it is likely undervalued. The reason I say this is that the selling pressure was abnormal - Any stock will move when one side of the supply and demand is out of equilibrium.

I try and watch for those on a other stocks on a shoirt term basis and take advantang. This one is a bit different than what I normally look out for - One of my short term trading startegies is to look for Mutual fund or other large selloffs on a weeakly bid stock. Also panis selloffs on bad news are another example.

So with Coyls selling much more than the marklet would bear we seen an unusually low price.

An example of a seloff on a short term basis was the eaton selloff on Monday - It went from 1.96 to .60 to close at 94 = I bought at 66 and sold at 91. Of course I went back yesterday and bought at 78 and sold at 75 for a loss