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

To: TA2K who wrote (2364)	10/5/1998 12:15:00 PM
From: TA2K	Read Replies (1) \| Respond to of 2775

I agree with your good news -- not much selling.... And I also like that substantial bid size. I don't think current bid size is 'The Godfather,' however -- I think others are wanting some NCTI as well. Usually Godfather just comes in and buys, and his buys usually start with identical small purchases, like the two 700s we just had. I wouldn't be surprised to see Godfather action before too long. (This just makes me think once again about how reassuring that buy-back effort is -- NASDAQ down more than 5%, and I feel confident that we have some support.) Here's a factoid for ya: I took a statistical look at bid sizes of all low-priced trading stocks. A bid size of 45,000 has a Z-score attached to it of around 5.00. That corresponds to a percentile rank of about 99.999. In other words, a bid size of 45,000 is significant and large. It is a base which most stocks do not have. Of course, a lot of selling can take it out. But it is nice to see it there. Nicholas