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Technology Stocks : YURI ( YURI SYSTEM ) -- Ignore unavailable to you. Want to Upgrade?


To: The Phoenix who wrote (556)2/17/1998 11:28:00 PM
From: larry  Read Replies (2) | Respond to of 1181
 
Gary,

YURI is not gonna break 25 by this Friday, let alone 30. The MM will do all they could with the exception of murder to keep the issue in this trading range until...at least the finish of this week. I have a good feeling that someone is reaping up the nice profits on the option trading (considering the heavy Feb. 25 and 30 call volumes). With such a small amount of floating shares, it's that easy for someone to manipulate the stock in the short term.
Being said, I won't be surprised to see YURI breaking 25 in less than 10 more trading days and close to the upper resistence at 29 within a month. All in all, it will be the beginning of a new option month.
I believe that the chart looks pretty good until the very last hour of trading today.:) Again, most of the day the issue was traded between 23 1/4 and 23 1/2 range when someone pulls the trigger to pull the issue down with light volume.

larry



To: The Phoenix who wrote (556)2/18/1998 6:04:00 PM
From: HerbertOtto  Read Replies (1) | Respond to of 1181
 
Gary, ( Bears 2, Bulls 0 )
Yesterday, YURI had a chance to break out above 23 5/8. Went to that level twice during the day. The 2nd time, late in day, the Bears came out to protect their 23 5/8... and no new buyers answered. Stock fell rapidly through 22 3/4, to smash the little base that had been built up above the 20-day MA. Closed below. Today, closed under the 200-day MA. Yuk! The OBV has turned negative since the earnings report, and now looks like we need to shake the tree some more... say to 20. Will take more time to get it all done. Maybe the PE is scaring away new money.

Herbert