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


To: TheBusDriver who wrote (10573)8/16/2002 9:35:59 AM
From: axial  Read Replies (2) | Respond to of 14101
 
What...me worry?

Jim



To: TheBusDriver who wrote (10573)8/16/2002 10:22:54 AM
From: Joe Krupa  Read Replies (2) | Respond to of 14101
 
Wayne,

The only thing the market knows is that the market knows nothing.

It was the Amigos who sold us down off the rally last week, as confirmed by the subsequent draw announcement. That was enough to kill all buyer confidence.

This week we are seeing pathetically low volumes with no real sellers other than the Amigos (either cleaning up from last draw, or possibly starting a new one) and no real buyers. There are also probably a few margin sellers now that we have dipped below the margin limit of $3 again.

If the market knew anything as pertains to the FDA you would see strong volume in either direction. I guarantee you that.

This is almost a carbon copy of the few weeks that preceded UK final approval in November 2000. I believe we hit a 52 week low the day before Rebecca pulled it out of the hat.

joe