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To: SargeK who wrote (56335)12/7/1999 4:44:00 PM
From: SargeK  Read Replies (4) | Respond to of 95453
 
FGH and the "Game"

The increased volume of the past three trading sessions indicate we are nearing the end of the selling by weak hands into the strong hands of value investors, institutions etal who will hold their accumulations until the next move up.
Of the 1,389,400 FGH shares traded in the past three sessions (including today), WHO were the sellers and WHO were the BUYERS? It is easy to attach reasons to the sells; but, who bought and why were 1,389,400 shares purchased. They sure as hell didn't buy because they monitor, get research and act upon Internet message board recommendations. They bought because of price and fundamentals. They accumulate positions in relatively small lots to avoid escalating the price. The tax sellers just want out. The shorts want the price to go down. And, The “strong hands” want the cheapest price possible. Result: Lower Prices until all the weak hands are dealt out of the game. FWIW