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Technology Stocks : Noise Cancellation Technology (NCTI) -- Ignore unavailable to you. Want to Upgrade?

To: TA2K who wrote (2363)	10/4/1998 2:54:00 PM
From: TA2K	Read Replies (1) \| Respond to of 2775

Response to frustrated NCTI holders: Volume now low, etc..... FIRST: Remember those 'interviews' I had with NCT personnel, and that I posted over here (and on SI)? Well, I e-mailed a URL of the posts back to those individuals (so she could just double-click, and actually visit over here). When I last called Joanna for an update, she said, "I'd better watch what I say; You'll just post it over on Yahoo...." So I asked, "Oh?, you read over there now?" And her response was, "SURE! Now we do...." SECOND: Look at the little volume table below. NCTI average daily volume: Sept/Oct '98 (so far) 440,000 mid-June/July '97 356,000 Average daily volume of top 10% of all trading low-priced stocks 395,000 Average daily volume for all low-priced stocks (trading at least 3 shares/day) 38,000 The above table shows that even in this current period of relative low volume for NCTI, it is far from accurate that there isn't much interest in our stock. Additionally, for NCTI much of the high volume over the prior few months has been conversions of preferred shares that only serve to dilute our value, and force share price down from an over-abundance of selling. THAT kind of volume we do not want!!! THIRD: I've come to an interesting and valuable realization about most of the posting on this Yahoo thread: the postings are a trailing indicator! They are not (with few exception) a leading indicator. By this I mean that when things have already improved, news is already out, markets have already reacted, the frequency of posts here increases! I must admit that I erred in this regard in my initial purchases of NCTI; I came over here and found so many excited and pleasing posts, I figured that, hey!, must be an okay stock! What I didn't realize was that the excitement was mostly about good things that already took place, that postings here were a trailing indicator. So, what's the bottom line. The bottom line is that I'm still optimistic on NCTI. I think we're going to see increases in both volume and price prior to the Board meeting. But, primarily, I just wanted to keep the conversation going. Nicholas

To: TA2K who wrote (2363)	10/5/1998 4:43:00 PM
From: Lawrence Burg	Read Replies (1) \| Respond to of 2775

The optimism of higher lows on the oscillators are fairly matched by lower highs; ?? i.e., the graphs look like they're squooshing down from the top and bottom basically, towards middle ground. This is indicative of the smaller volumes and attendant decrease in volatility. The Bollinger bands have also flattened out at $.50 & .58, showing the trading range we've seen the last few weeks. Narrowed bands eventually lead to a break out. The direction is determined by corroborative trends. And the trends are ambiguous. Some laggers/trenders (MACD, Chaikin O) have been advancing slowly the past few months, which is slightly optimistic. Also on the optimistic side are the Stochastics, which are making fresh highs. On the pessimistic plate is the Commodity Channel Index (CCI) which just collapsed Friday (~-200) to it's lowest point this year; a heavy oversold indication which should signal a price rebound near term, but which mid-long term reconfirms the existing down trend. The call: Really none, but a slight lean to the upside. I'm out, and will stay so for now, unless the statistical balance continues to shift positive. I'd watch it more in the coming days to see behavior of the stochastics and to see if any other indicators start to turn up; also to see if the CCI recovers. At these prices, so little money does so much quickly, that one would be really pressed to think the statistics represent a fair portion of NCTI's true market. I'll try to continue the watch. Remind me, and let me know what you see. I'd asked about the NASD notice a while back, but have since forgotten. Will they be bumped to a lessor exchange, or have they received a stay of execution?