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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Kaliico who wrote (12138)9/13/1999 11:48:00 AM
From: Kevin Shea  Read Replies (2) | Respond to of 57584
 
Kal....volume analysis is stock specific, developed after testing a number of algorithms..... I have not looked at developing something for a higher level look (say sector)....As you have noted, the QP play may have some influence, but ot be honest, I have not seen a specific correlation to # of days ......during the down days it was interesting to see how the volume SEEMED to support the shorts....so as Rande notes there seems to be more of a balance now.....

I believe that your comment re. IPO supply and demand is excellent and we should begin to analyze what might be next.... this AM I suggested E*financial information MLTX, HOOV, TSCM, DBCC as looking interesting....previously I mentioned E*tail and noted specifically VUSA.....We are watching E*brokers, but I can't see anything yet (although they seem to have bottomed)...

When the # of IPOs increased dramatically, the volume studies weakened due to oversupply. As we move into a slower period of IPO, with more focused buying, the volume studies may become even more effective...



To: Kaliico who wrote (12138)9/13/1999 1:15:00 PM
From: KevinThompson  Respond to of 57584
 
Kaliico,

Your suggestion of MLTX seems to fit very well with your observation of "last 6 mos" IPOs. MLTX looks beaten down and ready for new action. I can't see any reason why this wouldn't be a good play. Also, fits very well into our E*financials watch. Looks like resistance around 22. Strong support around 17 1/2. I bought a few shares on spec after looking at chart. I'm going to look a little deeper now.

Good alert...

Thanks as always,
KT