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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: BarbaraT who wrote (1556)	10/24/1998 4:20:00 PM
From: Jay Lyons	Read Replies (1) \| Respond to of 43080

Barbara- Were you able to get out of KCAP before the @#$%$# hit the fan? As one who has mucho worthless shares of MIDL and nearly worthless shares of BCAM, I sincerely hope so. It's interesting to note (If you're a disinterested third party, and aren't losing money) that there were a tremendous amount of shares traded all day prior to the crash without the price going up or down...it was relatively flat the entire day. I see five minute bars with over 60,000 shares traded and the price barely moves...kind of like they didn't want anyone to make further profits and sell early......but in the five minutes that it drops 50%, there are only 40,000 shares traded. Next bar shows 114,000 shares sold at the bottom with a price movement of only a few cents. Then it starts to bounce, but of course never fully recovers. The lessons that I learned from penny stocks were very painful (in monetary terms)...hope yours were less so. Jay