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Technology Stocks : Euroweb International - NASDAQ: EWEB -- Ignore unavailable to you. Want to Upgrade?


To: allen menglin chen who wrote (484)1/30/2000 3:41:00 AM
From: chalu2  Read Replies (1) | Respond to of 566
 
>>I bought this stock two weeks ago at 4. I was in here long term, but decided to sell half this afternoon at 16. The reason? The investors that jumped in today. They invested small amounts. The average trading size was 491 (trading size got smaller as day progressed). So there in here for a quick buck and will get out as soon as they have it or realise they're not going to have it. <<

There you have it. Rallies being powered by day traders making small buys. Not a short squeeze there either. I don't think the EWEB promoters, if such people exist, have to manipulate this stock. In this market, you have CMGI swinging 50 points in a day, and fanatics devoting their days to hyping stocks here, on Yahoo, and on Raging Bull (and Lord knows where else). Nuff said.