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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Magnatizer who wrote (23207)11/19/1998 10:59:00 PM
From: Alski  Read Replies (1) | Respond to of 79270
 
David,
SPY going comkey? Maybe the bull's eye on my dart board scan is getting a bit bigger!

Anybody care to explain to me what the INPR chart should be telling me? Big volume starting 1/2 hr before the close yesterday. Shot from 5 to 5 1/2 in the last half hour after that silly 3:24P press release about INPR offering to license their JBuilder tool to poor ol' MSFT. Continued to 6 1/8 in the first 1/2 hour this AM. Settled back to 5 1/2 by the close on continued strong volume. It seems a bit fantastic to me that many would think there was a serious opportunity in that press release, especially 1.5mil shares worth. Is it just wound so tight that ANY press release would set it off? What's next?

TIA...Alski