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To: Bald Eagle who wrote (2832)7/15/1998 5:23:00 PM
From: Hunter Vann  Read Replies (3) | Respond to of 3563
 
Correct...Here's another...

A snail is at the bottom of a well 30 feet deep. It can crawl upward 3
feet in one day, but at night it slips back 2 feet. How long does it take
the snail to crawl out of the well?

This will be worth TWO free shares...



To: Bald Eagle who wrote (2832)7/16/1998 7:47:00 PM
From: Patric  Respond to of 3563
 
I don't really know how market makers operate, so this observation may be very flawed, but I'm wondering if what we saw yesterday and this morning was nothing more than the MM's knocking out a few stops on the less-than-firmly committed (I know of one or two over on the wild-west--er--Yahoo thread). (Actually that's not fair because that thread has been far more orderly and disciplined than this one lately). Anyway, the volume was low, and the price just hovered around what everybody here seems to consider the base. Other speculation?
As far as institutional investor (II) interest, it seems to me that could happen either before or after earnings, but the cynic in me says that we'll know if an II is interested (and if earnings are going to be .06 or better) if volume shoots up before the announcement, because the II's will know before the rest of us what the earnings are going to be.