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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?


To: Joe Copia who wrote (6441)7/21/1998 11:46:00 AM
From: Steven Messina,L.M.T.  Read Replies (1) | Respond to of 25711
 
Joe, are you taking a gander at the price/volume action of KNIC this morning? The press release shot this puppy right up and she has settled down somewhat. I've traded KNIC for years. Management has tight lips...no leaks. Shareprice escallates upon news, then retraces about 20% until (1) news release is followd by a confirmatory release by management and/or (2) volume picks up near the close and shorts rush to cover. I expect a news release within hours...volume is outrageous as I type.

This is big news, in my opinion. Please let me know what you think.

Best of luck to you.

biz.yahoo.com

Steve