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Strategies & Market Trends : CXI-Commodore Environmental -- Ignore unavailable to you. Want to Upgrade?


To: Thomas M. who wrote (412)1/28/1998 4:41:00 PM
From: TokyoMex  Read Replies (1) | Respond to of 1755
 
Spoke with John as well..

String of contracts and JVs are all lined up ..
He also explained todays action...
There was a one sell of 70,000 shares as floor trader walked away then another 20,000 sell hit,,, and as soon as it hit 5 ,,, 70,000 buy picked it right up...

COES should be bottoming here,,, and will move in relation to commons of CXI ,, with 2 - 3 days delayed reaction ...

Come Feburary both will move..
He feels their stock price in relations to the contracts they have and will have is a gross mis match... but thats IR speaking..

Also today at closing , I noticed more shorts moving in on this..
I am afraid its gonna be a wild and crazy ride for a while,, I am putting on a day trading cap on this one ...

Joe