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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: nokomis who wrote (112790)	8/29/2000 5:52:50 PM
From: Susan G	Read Replies (1) \| Respond to of 120523

Qcharts was showing very negative INTRADAY money flow, but more going at the ask than bid. It's very possible, happens all the time on stocks like EXDS - it just means that there HUGE demand for the stock outweighing the sellers. And many of the sellers could have been shorts trying to get it to sink! And I bet the institutions were trading the hell out of it it also. And if MF turns positive, it may explode <g>

To: nokomis who wrote (112790)	8/29/2000 6:07:22 PM
From: Susan G	Respond to of 120523

Interesting comments from Briefing.com. 13:08 ET ****** 8/28/00 Day Trader : Momma said there'd be days like this.... Anemic action this week giving traders their final opportunity to slip in a vacation before the market begins to prepare for the big 2nd-half push that everyone from pros to civilians seems to be anticipating. Price action in the tech arena suggests that quite a few investors have already begun to warm up the grill for the Labor Day barbecue. Next to volume, the surest way to determine whether investors have hit the road is to look at which groups of stocks are leading the market. Strength in the micro-cap arena tells us that much of the serious money has already left the building.... When volume dries up and spreads push out, capital has no choice but to flow downhill. Names such as SmarterKids.com (SKDS up 48% today, following 33% move yesterday) and EDGAR Online (EDGR follows 35% move with 19% run) a couple of the recent beneficiaries of this trend.... The ability of a few larger names to make strong intraday moves has usually been a direct result of the thin volume. Whether the reason for the move is technical or news-driven, investors/traders usually finding that there is little supply being put up for offer. For example, traders eyeing an issue for a break through a key resistance level may find only 100-200 shares for sale at the prevailing price. In such thin markets it is not unusual to see a 2000 share market order or above-the-market limit order thrust a stock 1 1/2-2 pts higher before the entire lot is filled.... Bidding for this limited supply of stock has become particularly aggressive late in the session, as traders look for issues to make new highs going into the close.... Look for traders to come back from the holiday rested and in a buying mood. Problem is that with no leadership in the market, it is not currently clear which stocks will attract the attention of traders. Until a catalyst presents itself (e.g. M&A activity, positive earnings pre-announcement) we would expect traders to continue recent trend of returning to runners for 1 to 2 days after initial move and using technical events as trigger points. Also, with earnings season just around the corner, will begin to see many of the names that have been drifting lower since their last report put in bottoms and gradually tick higher into October. --Damon Southward, Briefing.com