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To: edward miller who wrote (26294)10/11/2003 4:02:29 PM
From: Wade  Respond to of 206219
 
Hi Edward,

Thanks for the 1-minute price movement. I was very puzzled by the overshooting and dropping back actions. I wonder what was the reason for this blindly movement...just wonder. Hope it is good news<VBG>. Any way, the saucer and handle chart pattern is excellent.

Wade



To: edward miller who wrote (26294)10/12/2003 11:46:06 PM
From: Wade  Read Replies (1) | Respond to of 206219
 
FXEN

I think I finally understood the price actions of FXEN. I think there were ~120,000 shares were wiped out by sell stops all the way down to $3.25. This was probably a market maker's action. Then, they raised the bid/ask prices to trigger lots of buy stops. They made a killing in 5 minutes. This is the lesson not to place stop or market orders to the nsadaq market, especially the thinly traded shares. We'll see what happen at open. Need lots of luck.

Wade