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To: Jurgen who wrote (12755)3/1/1998 12:28:00 AM
From: Helios  Read Replies (1) | Respond to of 77400
 
'But you never really intended to proof something, did you ?'

Jurgen, my man, you cut me to the quick. Not only do you doubt my veracity but your posts to me are not deemed worthy of a quick grammar check (a 'proveread' as it were). But had you owned SmithKline on Oct. 24 of last year you would have sold your shares to me at 39 1/2 after it had crashed through the 200 dma, down from a high of 50 only a few days before. I would still be holding the stock today at 61 7/8.

Impossible you say, couldn't happen that way. But that's what did happen. The last recorded trade on Oct. 24 was at 39 1/2. Someone sold the shares and someone bought the shares. The guy who sold the shares is staying away from drug stocks for awhile and the guy who bought them is smiling and wondering about all the merger talk in the drug industry. Perhaps the guy who sold them was a technician who used the 200 dma to gauge the psychology of the market, which was, after all, in a bit of a panic at the time.

Cheers.

<http://www.tradepbs.com/pbscgi/hstqtetd?Symbol=SBH&period=200>