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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: put2rich who wrote (1238)	1/22/1998 8:59:00 PM
From: scope	Read Replies (1) \| Respond to of 18691

Dao: Don't trust BFIT.They are still playing games with it.Those two blocks they were just changed place from one pocket to the other. They do that a lot.

To: put2rich who wrote (1238)	1/23/1998 10:28:00 AM
From: TATRADER	Respond to of 18691

thanh dao, on BFIT, look at all the volume in the past, supporting the 20.00 share price..There is strong support at 19.50...Even with heavy distribution at these levels, it will take some work to move down... I will give this one a bit more time to perform, and if it doesn't soon,I will move on, and just break even on it....I would say that some of the movement could have been MM'rs re-positioning themselves, and some distribution...Usually, when a stock is in a mature uptrend, and a lot of volume takes place with no real movement, it is a sign of distribution...Same on a mature downtrend...TAKE GATE.....It went all the way down to 50 cents in a downtrend...Then there was tremendous volume at that level...No real movement...I was screaming to everyone, we have accumulation going on...The stock shortly thereafter took off...Regards, Mark