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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: thecalculator who wrote (88387)6/28/2002 11:07:33 PM
From: augieboo  Read Replies (1) | Respond to of 99280
 
calculator, re CORV & TELM -- from looking at their charts, I'd say either

[1] Da Boyz just found out some REALLY nasty info about CORV -- like the 69% of their outstanding receivables which are owed by Williams are officially kaput; or,

[2] TELM just grabbed a customer from CORV, and Da Boyz know about it before the media do.

Take a look at the charts, and notice the progression:

CORV volume up
CORV price down
TELM volume up
TELM price up

I'd guess something more along the lines of number 1 above, because whatever happened was seen as bad for CORV before it was seen as good for TELM.

CORV
Volume spike at 3:08
Price falls off cliff at 3:13
stockcharts.com[g,a]jaclniay[p][vc60]&listNum=16

TELM
Volume ramp starts at 3:23
Price takes off at 3:35
stockcharts.com[g,a]jaclniay[p][vc60]&pref=G