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To: michael256 who wrote (85)2/10/2000 12:19:00 PM
From: ahhaha  Read Replies (1) | Respond to of 811
 
Yep, hard to buy is the way to success whether they're high or low.

I don't think the company will be effected by WEBM's IPO. Hype is worth one day's action, but if there isn't fundamental justification, the stock will undo what hype has done.

When can't be known, but it's a lock that analysts are intensely studying this company right now. You have to understand how much grief the company has pulled all who have been involved for the last 5 years. The players and the long time holders have a "show me" attitude now and they are completely justified in having it. I don't blame the reticence of analysts, but I had hoped that they were more on the ball. This is a very difficult industry to understand.

I will soon be starting to explain more of the elements. The links in this thread already give a good basis, but I'll try to demonstrate the implications. Stay tuned.

By the way although total money flow has been strongly out the big blocks have been strongly in and relative to cap or volume it is the strongest block influx I've measured recently. This implies that most of the time the smaller action is on the sell side which is readily absorbed and occasionally the institutions come in and buy market. There's enough overhead to prevent the ask to rise, but the institutions are buying market at prudent times. They don't want to disturb the price.