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.

Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (335)	3/11/1998 8:52:00 PM
From: Hank	Respond to of 4634

No Barbara. They haven't invented a crystal ball that works and if they did, I doubt I'd be the first to know. I see no sign of any substantial buying occuring in this stock. Without it, no amount of trickery or manipulation is going to push this as high as 30. Hank

To: Mama Bear who wrote (335)	3/11/1998 9:30:00 PM
From: Hank	Read Replies (1) \| Respond to of 4634

Barbara, Just for fun I went ahead and downloaded a years worth of data on AVNT for comparison. The pattern of buying and selling in AVNT versus ZONA is completely different. With AVNT you see a rapid shift from heavy selling to heavy buying. This accounts for the dramatic move to 35. AVNT clearly had buying momentum in it's favor A similar, albeit more pathetic move, was already seen with ZONA when it went from 13 back to 25. In ZONA's case, however, the shift to buying was far less dramatic than you would have expected based on price alone. In other words, a much smaller relative volume accounted for the move in ZONA. Now, there is no buying or selling momentum in either direction. The manipulators can not fabricate momentum out of thin air. They can not hold the price up for much longer without serious buying. As long the shorts hold tight and keep shorting, their back will break very soon. If they couldn't muster the momentum necessary to force most shorts to cover during the first bounce, what will be the impetus that will acheive it this time around? I hardly think they have any goods news in the works that could spark a rally. Do you? Remember- short squeezes as dramatic as what occurred with AVNT are always characterized by a RAPID shift from selling to buying. ZONA is just drifting in neutral, waiting for the axe to fall. Hank