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To: Magic RN who wrote (3500)10/9/1998 11:58:00 AM
From: CharleyMike  Read Replies (1) | Respond to of 9824
 
I'm leaning toward the following explanation.

Someone day trading. Look at the percentages.

DATE CLOSING PRICE OPEN HIGH LOW VOLUME
------- ------------- -------- -------- -------- -----------
10/08/98 1/64 1/64 1/64 1/64 1,251,600
10/07/98 1/64 1/64 1/64 1/64 130,700
10/06/98 1/64 1/64 1/64 1/64 865,000
10/05/98 1/64 1/64 1/64 1/64 92,100
10/02/98 1/64 1/64 1/64 1/64 373,000
10/01/98 1/64 1/64 1/32 1/64 283,700
9/30/98 1/64 1/32 1/32 1/64 8,400
9/29/98 1/64 1/64 1/64 1/64 415,000
9/28/98 1/64 1/32 1/32 1/64 156,500
9/25/98 1/64 1/64 1/32 1/64 351,700
9/24/98 1/32 1/32 1/32 1/32 401,600
9/23/98 1/32 1/32 1/32 1/32 68,100
9/22/98 1/32 1/32 1/32 1/32 409,900
9/21/98 1/32 1/32 1/32 1/32 5,000
9/18/98 1/32 1/32 1/32 1/32 250,000
9/17/98 1/32 1/32 1/32 1/32 45,000
9/16/98 1/32 1/32 1/32 1/32 29,000
9/15/98 1/32 1/32 1/32 1/32 19,000
9/14/98 1/32 1/32 1/32 1/32 19,300
9/11/98 1/32 1/32 1/32 1/32 1,053,700
9/10/98 1/32 1/32 1/32 1/32 593,500
9/09/98 1/32 1/32 1/32 1/64 20,000
9/08/98 1/32 1/32 1/32 1/32 284,600
9/04/98 1/32 1/32 1/32 1/32 367,100
9/03/98 1/32 1/32 1/32 1/32 17,000
9/02/98 1/32 1/32 1/32 1/32 525,500
9/01/98 1/32 1/64 1/32 1/64 492,500
8/31/98 1/32 1/32 1/32 1/32 488,500
8/28/98 1/32 1/32 1/32 1/64 74,200
8/27/98 1/32 1/64 1/32 1/64 215,300

If you are careful and accumulate at 1/64, then sell slowly at 1/32, what have you accomplished. 5-6 hundred, 3-4 times a week. Starts to add up over time into acceptable GP on minimum investment.
Just a tentative theory and intuition at work.

Any believers. . . . . .? how about detractors. . . . ?



To: Magic RN who wrote (3500)10/9/1998 11:42:00 PM
From: jmhollen  Read Replies (1) | Respond to of 9824
 
>> Why the large volume today? News pending?
How come the market hears before we do?
Who tells someone? <<

....do you remember that there's an audit going on.

Well like any investigation, if someone can profit by telling bad news to the press or system for a buck (Linda Tripp, Monica,...) - they do.

Likewise, if it becomes apparent that a company's going to make money, etc, then you start to see plausibly-deniable-insider or brighter-than-average-clerk buying! Kind of like HIllary and her not-yet-fully-investigated commodities (ludicrous profit) deal (except that was more like a planned gift).

If there was ever a time to blow off a trip to the Casino, do some TV and nurd-butter sammidges, and send your allowance to your TNRG broker; this is bloody well it!

Geez, what do ya'll need - a "SALE" sign from Macy's????