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To: SJS who wrote (8088)4/6/1998 2:34:00 PM
From: Michael H. Dragon  Read Replies (1) | Respond to of 42804
 
I don't know who was buying it last week besides me but today I added to my asnd position at 37 1/2 and initiated amat at 36 5/8; I also shorted ne at 32 15/16, looking to close out all 3 position prior to close today. Mike



To: SJS who wrote (8088)4/7/1998 10:20:00 AM
From: Seth Leyton  Respond to of 42804
 
Steve, don't know or care who was buying it. The volume factor is just a fact of life when playing otc stocks. When the small guy thinks there's short covering going on there's usually the exact opposite. The MM's short the stock to the market on excessively high volume days and then opens it high the next day, shorting again, and then down it goes as they cover on very low volume with the knee jerk anxiety that causes people to sell into the chili dip. I'm having such a hard time sitting on my buying power. I think the market is going to have a couple of hard down days in the near future so i'm resisting the urge to jump at, what appear to be, some good deals. Trying not to repeat last fall.