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To: Pallisard who wrote (93)1/31/2000 7:36:00 PM
From: Theo  Read Replies (2) | Respond to of 213
 
The last two days alone traded ~ 18 mln shares - more than their cap. What have we got, day traders?

Well, for starters, in the OTC arena, you can figure about 1/2 of the volume as being "true", due to MM accounting. But, FWIW, I agree that the volume and sudden price rise (spike) at the end of Friday and today is indicative of something other than just level trading taking place.

Shorts having to cover is a very plausible reason and is being suggested:

Message 12734936

"...guess my not too "reasonable" price turned out to be very reasonable."

I try and stay away from any sort of price prognostication. But, I have no problem with anyone else tossing out theirs<gg> Looking forward to tomorrow, next week, and next month!!
Theo;-)



To: Pallisard who wrote (93)1/31/2000 8:37:00 PM
From: Snowman  Respond to of 213
 
Pallisard, what we have is much more demand than supply..not trying to be a smarty...but you have many longs and many momentum traders in here..a glut of demand and a limited supply..tomorrow could be completely crazy..