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Technology Stocks : Healthcare.com Corporation (Nasdaq: HCDC)was [HDIE] -- Ignore unavailable to you. Want to Upgrade?

To: Mighty_Mezz who wrote (1312)	6/22/1998 9:39:00 PM
From: Raymond James Norris	Respond to of 15094

HDIE closed on the 50dma, but only because last trade was at the bid instead of the ask. If 100 shares at ask had traded just before the bell to close it at 3/4, would we be having this talk of $3? Yes. The damage had been done when the Bears managed to bring the stock lower this time than Friday's low. The close being at the 50 or a fraction above is irrelevant. It touched the 50 and the stock will either bounce or die. Today's chart of volume by price shows more trades above than below 3/4. This is why, imo, short-term TA doesn't work as well on low-priced low-volume stocks; I could've spent 375.00 at close and changed the TA? Hardly seems right. The only thing you would have changed is your pocketbook. 100 shares out of 30,000 is little and out of the average volume of 100k is nothing. The TA stands regardless of whether one tries to manipulate. Word of caution: Many people don't use TA on stocks priced below 5$ since the manipulation that can go on can be extremely high. I don't believe there has been manipulation on HDIE. Trying to control the chart as you suggested would be manipulation. But you would need a lot more capital than 375$ to do that. Conservatively Yours, Raymond J. Norris