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Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (1734)	9/29/2000 5:57:33 PM
From: Dan Duchardt	Read Replies (2) \| Respond to of 1911

Arthur, The support and resistance areas you quoted look about right. Was encouraging to see AMES hold up in the face of today's selling. I took yesterday's 5_1/2 low to be a potential bottom, if the market in general is near the turn. AMES crossed above the 10 day moving average today, which is a somewhat bullish event, so I'm thinking 5_1/2 could be support now. Nice to see this institutional holding information on SI now. I don't know where all this information comes from, but Yahoo seems to have a set of possibly more recent numbers biz.yahoo.com This shows a few million more shares in the hands of the top 10 institutional holders, so maybe they have been accumulating at these lower prices. Legg Mason and Mellon Bank seem particularly active. Dan