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Strategies & Market Trends : STOCKS WITH ATTITUDE TEAM - FA/TA AND EVERYTHING ELSE -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (1239)	1/4/1998 5:23:00 PM
From: David Smith	Read Replies (2) \| Respond to of 2377

To Sergio re: VVID... 1. Your comments on the spread were: "You'll find that on days when the volume is low, the spread is usually 1/4 and when the vol. is greater, the spread is tighter. You'll find that this is common is stocks." Exactly...and since the trading volume in this stock has been in an extremely light period since mid-November, anyone buying now will have about a 2% spread to overcome...and possibly more. 2. Your trading volume averages for this stock are heavily weighted by a 2-week period in late October/early November, when the volume was abnormally high. Remove this period from the trading volume, and average the volume from the past year (as I already have) and the average daily volume is 46,000. Anyone looking at the daily statistics can see that the stock often trades less than 20,000 a day and on some days less than 10,000. Daily volume during the past 6 weeks has been extremely low. That's MY definition of illiquid. 3. Your "research" for some reason did not uncover insider selling by an officer named Daniel Silva. On June 13, he sold ALL of his shares at $15.13...lower than Friday's closing price. He currently owns no shares in this company. The Form 4 was filed with the SEC on July 9. You did note that another officer, James Aldo, sold shares. What you did not note was that he sold fully 1/3 of his stake in his company...this was in September in 5 (five) separate transactions. The Form 4 was filed with the SEC on October 17. With a small company like this, these transactions should be enough to raise a red flag...opinions may vary. All facts. All important to know. To the previous poster who had nothing to contribute but a personal insult, your post was not surprising--but it's been forwarded to the webmistress nevertheless.