Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: Market Tracker who wrote (980)	2/26/1998 12:49:00 PM
From: Arthur Tang	Read Replies (1) \| Respond to of 1911

Thank you, Gary. AMES went up to $16 5/8 and retreated immediately down to $16 1/8. It is all technical. When limit orders were taken out, the inventory got immediately sold. Now we are in another technical pull back. AMES has been overbought, because of the intrinsic value in investor's minds and their sentiments, which is much above the average price of the existing short interest. Seems likely that market makers have to move up to let daytraders sell off to recover the short interest or average the short interest up, then this good company will have its correct P/E ratio.