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To: Gennaro who wrote (23)5/21/1998 12:14:00 PM
From: Vegas  Read Replies (1) | Respond to of 42
 
<< Any ideas concerning these strange trading days.>>

I feared that we would see the low 40's. Its all in the historical pricing. This one rolls from 3/8 to 1/2 every 2 weeks - theres probably a few traders hoping in and out. We need news to move us up to a new level.

<< The highest volume in the history of the company, and the price doesn't move even with considerable buying >>

Followed by 2 trades today for a whooping 2,000 shares. We had 3 days in a row of record volume, now shes just taking a breather. The price does move when the MM's want it to. It took very few buys in the morning to move the price to 5/8 and few sells to move it back down.

Again because of the TMex pump I think we got alot a few day traders looking for a spike who then bailed when we didn't get it. (Tmex posted this yesterday at 9:58 the first trade was at 10:03) Still there was more buying then selling yet the MM's walked it down.

Resistance is at 17/32 Bid & 5/8 Ask. Floor at 3/8. (IMO)

I'm holding and looking for more shares at 3/8.

JF