To: Mr. K who wrote (198 ) 4/28/1998 7:23:00 PM From: BigWave Dave Read Replies (1) | Respond to of 6039
Definitely not followed by SI posters-a 100% increase good for 20 posts, and an intra-day 25% drop for 1 Post. Which is an excellent reason to buy. If you look at today's rise from .75 to close at .87, you'll notice relatively light volume again. Therefore, why I bought on yesterday's pull back, and will be loading up on further dips. 1. Investors are buying, NOT the typical BB crowd. 2. The position size (150K) of those investors is much larger than from the typical BB stock. 3. This company is relatively an un-known. I only state this because I had such a difficult time just finding out the float. The references from earlier on the thread are no longer valid. After viewing numerous "page not found, etc." on the Internet, I had to call the COII investor relations. (Float was 40M, ~20M public) A few conclusions 1. Those that have been buying will not be selling anytime soon. For example gwolf, and the nurses don't follow the thread every 10 minutes, like many BB stocks. (except for a few SI BB tech traders, whatever that is. . .) (Search for COII across all message boards. . .) 2. Major selling will only occur on bad news, it isn't plagued by many day-traders, or stock hypers, or BB-players, yet. (The MD's that held through the $3 peak w/o selling.) The major reason I bought yesterday. . . This stock is obviously circulating person to person, word of mouth through the medical and insurance circles. The doctors, nurses, insurance people, are for the most part calling their brokers, and saying "Get me some COII, without evaluating charts, getting a pulse on momentum or whatever, they just want it, whatever the price. Hell, maybe a $1 share price sounds like a bargain to them. Just my opinion, but I think today was an MM's trying to shake shares, BUT they didn't get many. Then the price went from .75 to .87, Quickly on low volume. MM inventories must be low, or they wouldn't have had that .91x.100 spread for awhile yesterday. (Usually quick drops like today is to get sellers, a big spread is to DISCOURAGE buying. Meyerson is WISE enough not to be shorting. . . Finally, I've seen 1000 posts on 2 cent moves on the BB. The lack of posts must scare the hell out of the MM's. They'll never be able to manipulate the thread, if few of the investors are following. . . OR, YOU are all just a bunch of lurkers. . .