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Microcap & Penny Stocks : Advanced Encryption Technology (AETI) Goes Public w/a Bang -- Ignore unavailable to you. Want to Upgrade?


To: Sai P. yandamuri who wrote (220)9/28/1998 1:47:00 PM
From: Sai P. yandamuri  Read Replies (1) | Respond to of 518
 
From the technicals standpoint, It is important for stock price to close at or above 80 cents. So far, It seems we are heading that way and I have not seen any sells and all I have seen is nothing but buys only. However, I can't tell if shorts have started covering or not. Currently the volume is at about 200,000 and we have nearly 2 more hours of trading left. MMs are trying their best to see if they can intice some sellers. That's why for a while they reduced bid price from 75 cents to 71 cents. I am believing if we, AETI shareholders weather this play from MMs (by not selling our stock) and MMs especially Shorts will have no choice but to cover.
Race betn. short MMs and us is getting interesting. Up until few days ago, We played to their games. Now, for a change, We will have these shorts play our games. So, IMO this is not time for any AETI shareholder to sell shares instead buy more...