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To: Lazarus Long who wrote (3893)2/1/2000 7:55:00 PM
From: 1st.mate  Respond to of 4884
 
Highlights on Today's Trading

Well it looked like we were going over $1 but someone put a chill in the air. Tomorrow will be the telltale if we retrace, consolidate, or move forward. Given that we have a 48% increase in two days, a consolidation would be a good idea. I don't believe that, in this particular instance, a consolidation is necessary. We have encountered no resistance and there is no resistance on the depth. Of course, to the casual glance, resistance appears prevalent. But under close examination, you will notice that the resistance is supplied by the houses that are buying stock. And, therefore, we are not encountering resistance at all, but a controlled environment that the stock is allowed to move in.

It is for this very reason that we do not get a substantial news releases. When a substantial news release comes, the existing market manipulation will cease as market forces will control the direction and value of the stock, and not the whims of a few individuals. It is for this reason that I am an advocate of going to the exchange and have previously posted this opinion. The conclusion would be, upon dissemination of substantial news, we will be rid of the cheap market games we witnessed today.
Matey