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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (14222)9/9/1998 7:50:00 AM
From: Bob Davis  Respond to of 120523
 
For the last several days, MTY has been in a forced sell-off as the result of margin calls which a major investor was unable to meet. This sell-off is now over and the stock has begun to rebound.

Shortly before 1:00 PM yesterday a block of 147,500 shares of MTY changed hands at $2.75 in a pre-negotiated trade - the liquidation of the last of a substantial block of the Company's stock which had been overhanging the market. Immediately after, the bid size dropped to normal levels and the stock began to move upward. More information can be found at napeague.com

Bob Davis
The Napeague Letter
napeague.com



To: Jenna who wrote (14222)9/9/1998 8:50:00 AM
From: j g cordes  Read Replies (1) | Respond to of 120523
 
Don't you get the feeling the major investment houses are working the public.. first they downgrade airlines, now they upgrade them. They upgrade retail, then downgrade it. I'd like to see the positions they're taking prior to driving these price swings.


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