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Microcap & Penny Stocks : NEOTHERAPEUTICS (NEOT) (NEOTW) -- Ignore unavailable to you. Want to Upgrade?


To: Lorenzo Perez who wrote (392)5/21/1998 6:33:00 PM
From: slipnsip  Read Replies (2) | Respond to of 705
 
That was a lot of wind with some truth, though it would appear that you may have turned your short into a long under the dream that this is KTEL.. Those kind of situations are freaks. One in a million. Not one out of five...

Todays action was obvious.. All sellers with the exception of short covering.. Stock would trade down, retrace up just a bit, then down again, retrace up etc. But it never recovered.. Nice stair step down action as shorts covered bumping the price only to exhaust themselves and wait for the next round of shorts to cover..

Got out of the 12's at the end of the day due to one last round of short covering at the close. This bumped it 1/2. Look for another gap down tomorrow probably $1, then a slow drift back to the 8's..

I'll cover at hmm... Somewhere around $10...



To: Lorenzo Perez who wrote (392)5/21/1998 9:02:00 PM
From: kentoo  Read Replies (1) | Respond to of 705
 
KTEL float was 900k
NEOT float is 3.9 million
Much more difficult to get a short squeeze IMO