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To: Galirayo who wrote (7497)4/28/1998 11:34:00 AM
From: HeyRainier  Read Replies (2) | Respond to of 9262
 
[ BLTI and SNRS ]

Ray,

I see that convergence you're talking about; I tend to see better price action though when the price is actually sitting right on top of both or is being squeezed in the middle. The upside to this one is that it has a tendency to just bounce off the bottom BB and move up...or just trade sideways and be boring.

The stock I was talking about didn't fit the description you mentioned. I was just curious because in Sunrise Tech., there seemed to be more price action at the Ask, but in the meantime, the bid kept edging lower and lower on just a few small trades. It almost seemed like it was a test of wills to see if the lower bid would attract more panic sellers. Now the spread has gotten much wider than usual.

Interesting to see it happen at this critical juncture where I expect the next swing up would pivot from. Give it a day or so, then it's gonna look nice.

Regards,

Rainier