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

To: padco who wrote (10503)	8/9/2002 1:45:54 PM
From: Joe Krupa	Read Replies (1) \| Respond to of 14101

Hi Padco, "would seem the negligible buying pressure would be a set up for the price to fall, but that is not happening. Instead there is a trickle of trades at 3.10. Have you seen this pattern before? TIA" It is an odd day of trading, especially after almost two weeks of above average volume. Interesting that above that 6,900 at $3.10, it's all the way up to $3.20, where there is 2,000 for sale, then up to $3.40 where there is only 1,000. It's been like that all day. That type of market depth is very characteristic of Acqua, and indicates lack of selling breadth. In other words, Acqua is the only real seller, and as they push down, the offers don't backfill. The last 3-4 days have been like this. The fact that Acqua has been MUCH LESS aggressive today, is a sign IMO that the draw is near the end and they were able to get out a good chunk earlier in the week. My calculations say this is the last day of the draw, and that you will see an NR after the close, or at the latest early next week. Hope that helps. joe ps. As I type this I see AW has just moved 3,800 of those shares off the $3.10 level, down to $3.07. Does not surprise me since they have to get some out the door.