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To: R.B. Golfing who wrote (9965)4/22/1998 11:47:00 PM
From: musicguy  Read Replies (1) | Respond to of 34592
 
newbie question...
what the hell can I infer from the following behavior... a stock trades verrry thinly.. 45 yes 45 shares a day avg... (thats thin) suddenly it trades 35,000 and the price doesnt move ALL DAY!! the day chart is a straight line with tons of volume if morning hours...

bid and ask are the same as always.. price never moves.. but it never has any volume either...

What gives?

confused

MG



To: R.B. Golfing who wrote (9965)4/23/1998 2:26:00 PM
From: AnnieK  Read Replies (1) | Respond to of 34592
 
FAXX - just saw your message buried among the thousands of others on this verbose thread. I sold today at 4 5/8 since it had met (exceeded) my short-term objective. My guess is that it was belatedly discovered to be an internet stock and got caught up in the frenzy of traders searching for the next SEVL. Good luck holding it - I have no opinion one way or another on its long-term prospects.