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Technology Stocks : CIRC -- Ignore unavailable to you. Want to Upgrade?

To: Paul Oberlin who wrote (163)	11/16/1999 7:24:00 PM
From: Norm Demers	Read Replies (1) \| Respond to of 300

Well guy, as of right now CIRC is # 2 on the SI hot list. should be fun tomorrow.

To: Paul Oberlin who wrote (163)	11/16/1999 8:07:00 PM
From: RADAR )))	Respond to of 300

Paul: I have a lot of respect for the information in the next post. This has been a prevailing problem over the last week. Your right, Clearstation does rule. RADAR RADAR From : UPAYNOTAX Nov 16 1999 7:23PM Title : I would not put much faith in technical analysis yet with CIRC I'm more of a tape reader generally, although TA is quite useful in spotting breakouts and trends which provide insight into which stocks to track. Today's breakout happened rather suddenly. I had it on my tracker throughout the day, watched as it sat around the mid 14's during the morning. Then out of nowhere, the asks were being gobbled up like little pacman's (I'm dating myself here). Its rather interesting to see movement like this on Level II. CIRC is still on a lot of momentum players radar screens because panic buying quickly set in. Ah, but what stopped the momentum? Why didn't it carry through beyond the 17-18 range? Well, I hated to be a killjoy today because everyone was in a festive mood this afternoon, but that dirty rotten MLCO scoundrel is still within our midst. They stood in the way of several runs today. I think many traders are already wise to what this seller (s) @ MLCO is doing. I saw them move off the ask during the initial breakout hoping that perhaps finally their CIRC rinse was over. But all they did was move all over the board, refreshing their asking price at various levels. Sometimes they would chase down the ask if too many sellers sat in front of them and when the selling would subside and they stood alone at the ask they would dump a few thousand shares, move off the ask and refresh at a higher level. My guess is they didn't want to completely choke off today's momentum. I just have no explanation for why they are doing what they are doing. Institutional/large block sellers don't generally liquidate positions in this manner. This seller flashes a 200 share ask, sits on it as several thousand shares are sold off, comes off the ask and then refreshes higher unless too many sellers jump in ahead. Its like a poker game to them. Unfortunately, this seller was on CIRC from the beginning of the day until the end. Also, don't discount the TokyoJoe effect too easily. It is my understanding that he has a quite a substantial following. I have seen his herd move several stocks I have held positions in based upon his recommendations(VIXL, JNIC, BSQR, VITR to name a few). Also the mention in Briefing.com's "In Play" section can be a market mover. Just my 2 bits worth on today's action. I just call them as I see them. I believe Radar asked about Level II movement today. I was too busy at the time following other positions to provide a detailed account of what happened so I am doing it now. Kensey, it sounds like you are enjoying your vacation. I hope you continue to do so. Later