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


To: David Smith who wrote (1245)1/4/1998 5:51:00 PM
From: Sergio H  Respond to of 2377
 
Christopher, thank you for maintaining a civil attitude. I think that we are getting someplace.

Have you noticed what stocks we talk about on this thread? Anyway, I believe that the vol. will pick up due to the new airport security mandates from the President and the FAA. The stock will need vol. to overcome the resistance at 16.5. That's TA stuff. If anyone likes this stock or just about any other small cap the spread is the price that they have to pay to make a profit because that is the MMs
take.



To: David Smith who wrote (1245)1/4/1998 5:57:00 PM
From: Sergio H  Respond to of 2377
 
<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>

OK that is your definition of illiquid, but it is not what illiquid means. Take a look at the stocks that Joe has been researching that he has brought to this thread. There are plenty of low vol. stocks available. They also have a very small float. Hmmm...maybe that is why there is not too much volume.

Regarding the two insiders that sold shares, I did mention Aldo and the small, insignificant amount that he sold. I did not mention the other guy who sold his shares in June until you brought it up. This is Jan. and June is over a half of year ago. I am not sure if that info was relevant. Why did you omit the huge amount of Institutional buying and Mutual Fund buying on Sept. 30th?

Sergio