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Microcap & Penny Stocks : K2 Design, Inc. ready to break out?!! (KTWO) -- Ignore unavailable to you. Want to Upgrade?


To: Joe Master who wrote (330)10/27/1998 5:58:00 PM
From: Keith Sprague  Read Replies (2) | Respond to of 385
 
Joe,

You still have not answered why the volume increased so dramatically today. Why did we not see this type of volume when TFSM went public? IMO, the TFSM news does not explain why a stock that averages roughly 13K shares trades over 220K. I would have expected the volume to be much higher back then when the TFSM IPO first traded. If I recall correctly, TFSM traded several million shares on the first day. KTWO traded only about 100K. Today, TFSM trades 2X normal (400K+), and KTWO trades 20X normal. This does not add up to me. Maybe you are right, but you have not convinced me.

Also, why did the KTWO volume spike after noon, when the press release was before the bell? I would have expected KTWO to react more at the open, and when TFSM hit 11 (around 11:10AM). Little action in KTWO at that point.

Keith



To: Joe Master who wrote (330)10/28/1998 6:54:00 PM
From: Keith Sprague  Read Replies (2) | Respond to of 385
 
<<Sorry but you are wrong.>>

Are you still sure about that. I think we saw buy the rumor yesterday, and sell the news today. Besides, TFSM was up again, but KTWO was down.

I did like the continued strong volume that we saw. If we can continue to generate that kind of interest, IMO, this stock should move up quickly. The news today was not what I was hoping for, but you never know what tomorrow will bring...

Keith