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Gold/Mining/Energy : Nuvo Research Inc -- Ignore unavailable to you. Want to Upgrade?

To: veliny who wrote (6840)	3/1/2001 12:55:35 PM
From: Cal Gary	Read Replies (2) \| Respond to of 14101

Hi Veliny, I not trying to pull any punches, but Joe's been accurate (trading observations) and dead on (TA, albeit for the short term) his recent posts. Agreed the low volumes make TA more difficult. Your we can track institutional buying?, question IMO is actually a anther TA method to discern accumulation and distribution. A REQUEST ======== To all DMX market participants and threadsters, give the bloodshed on the markets, can all of you who have bids above 6.80 please pull them for just 15-20 minutes. Of course all at once. I'm finding it difficult given the nature of the markets to get any fills on any meaningfull sized DMX shares. Thanks.

To: veliny who wrote (6840)	3/1/2001 6:30:42 PM
From: Joe Krupa	Read Replies (1) \| Respond to of 14101

Hi Veliny, "...with such low volumes trading it must be hard to make at TA call." In a way, I agree with that. That's why I prefaced my last post with a big "FWIW." In these days of low volume, I tend to look with more faith at the weekly chart and hope that the aggregate daily volumes add up to some kind of significance. Looking at the weekly chart you will see that the upper bollinger band as well as the 50 week MA have played a very significant role in defining the resistance. Conversely, the 20 week MA (center line of the bollinger bands) has provided support and, since having moved above it in early December, we have yet to move below (currently around $6.90). stockcharts.com[l,a]waclyymy[de][pb50!b200!d20,2][vc60][iuc20!la12,26,9!ld20!lh4,3] Yesterday, my reference to the 200 day MA was based obviously on the daily chart. A quick glance at the chart will show that the 200 day MA has in fact played a role as resistance and support over the past 3 months. It certainly has not been impenetrable either way, but I think it's safe to say that the market activity has been conscious of its existence. I think the point I wanted to make, was that on the tiny volume we are having, a move above that line is highly unlikely. stockcharts.com[l,a]daclyymy[dc][pb50!b200!d20,2][vc60][iUc20!La12,26,9!Ld20!Lh4,3] "FA and as outlined by Wolf and others and the drip drip drip of NR's is truly the driving force behind investment in this stock" There is much truth to that. But, as I am sure you know, TA assumes the market discounts these events, and they can often be predicted in chart patterns that occur prior to them actually becoming reality. DMX is not the best case study for this, I grant you. However, I would bet (and you can bookmark this post and remind me of it later) that we have been in a technical consolidation formation for the past 2.5 months. Call it a flag, pennant, wedge, triangle, or channel, but I would bet that the next move up will be consistent with what TA would predict based on the move up prior to this formation. What makes it difficult to predict with the low volume, is the exact breakout point or apex of this formation -- the low volume makes the chart too fuzzy for pinpoint TA. The low volume also allows for anomalies that confuse any attempt at definitively identifying patterns. "So even though I am very much a long, I find it difficult to play this stock for short term gains. The light volume and real potential for manipulation and the very real likelihood that Rebecca may drop a NR without warning makes this a tough stock to be a short term play." I agree and don't "play" this stock. Last two times I tried, I lost a bit. Very long myself. "Is there any way we can track institutional buying?" Not really, or at least not in real time (unless dramatic like CSFB in Feb 2000). I do keep house trading records on DMX for the past 3 years. Institutional trading usually is evident in retrospect, or after a pattern starts to emerge. Based on my database, I think I can say with some confidence that over the past 6 months we have see the following as institutional buyers/sellers: Buyers - Merril Lynch, Desjardins, National Bank, CIBC Sellers - Bunting Warburg, TD, Brink Hudson, Thomson K. As for where those shares wind up and what motivated them, I have no idea. Sorry for the long response, and thanks for your comments! joe