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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin! -- Ignore unavailable to you. Want to Upgrade?


To: Brian Hornby who wrote (3322)1/27/2000 9:35:00 AM
From: Patrick Slevin  Respond to of 7434
 
I only noticed that the volume in the issue isn't anywhere near other tracking issues. Plus when I glanced at intraday charts yesterday there were many 5 minute bars where a thousand shares or less traded. There was one bar where 56 thousand shares traded. Another at the Open where 26K traded. So those two 5 minute bars represented 25% of the entire volume of the day.

I'm not trying to say that it isn't a good issue to be in, I'm just leary of issues that do not have volume. I know the Spec is probably going to hold the stock together. It's just something I'd rather not be a part of.