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To: Broken_Clock who wrote (23457)6/4/1998 8:41:00 PM
From: marc chatman  Respond to of 95453
 
PK, add to that excellent volume for FLC, MAVK, PDE, SCSWF, SII and VRC -- all running at nearly 2, or in some cases 3, times their average daily volume.

We're seeing selective issues getting the volume, rather than the broad fund buying which we saw at the last turnaround. That may again indicate some short covering in those issues.

But I'm not complaining today. I'll take a few more days like this.



To: Broken_Clock who wrote (23457)6/4/1998 9:13:00 PM
From: NucTrader  Read Replies (1) | Respond to of 95453
 
>>money is flowing into the most solid companies today<<

Hmmmmmm......Well, not my money, not right now. EVI's O.K. but I think RDC has been and is a loser - maybe not FA wise or even TA wise, but by that final measure, performance. I'm headed to Toronto for a week and will reassess when I return. Maybe they'll all be $15 a share higher. If so, I will be a little sadder for missing the boat, but will be happy for those who had the foresight [and guts!] to buy here.
Yes, I will admit I've been sorely tempted by FGII and CDG, but, aside from FGII a lot of these companies have broken 200 day support to the downside, and those lines may now act as resistance. Plus the tone of the overall market doesn't look good to me and I worry about a downturn which whacks good bargains as well as no bargains. Good Luck!