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Non-Tech : SME(svcdq) has it bottomed out yet? Or will it hit bottom? -- Ignore unavailable to you. Want to Upgrade?


To: Arthur Tang who wrote (290)9/28/2000 8:09:11 AM
From: Arthur Tang  Read Replies (1) | Respond to of 305
 
Recent 6 day run up ended by a dump of 100,000 shares. Volume hit almost 3 million shares the day before. But even after the pull back, the volume is impressive at around 1.6 million shares.

This run up is due to technical imbalance. Now the imbalance is back to where shorts accumulated. So a retest of support is very likely before another retest of resistance is possible.