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Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?


To: A. E. who wrote (4295)5/28/1998 8:26:00 PM
From: sandstuff  Respond to of 11850
 
Large number of shares traded with 20% increase IMHO means the stock in 1)under accumulation 2)now has a higher support base 3) indicates the mms are covering (ratio of buys/sells large with 20% increase in price).

You will notice with interest remaining high, the stock traded no where near the 13M shares just a couple of weeks ago. As we know...a lot of people are holding long and strong. I suspect the active float is now down to 3 to 4M and it will continue to shrink. The price has only one place to go...UP!!